The USD/JPY pair carried on their positive trading, while trying to move away from the breach neckline of the Double Bottom pattern as shown in the attached chart, with the upward trend scenario still highly viable, while the next awaited targets start at 144.00 and stretch to 145.05.
The 50 SMA supports the suggested upward wave, which will stay true provided the 142.00 level wasn’t breached, then 141.40, and settling below it.
Expected trading range for today is between the 142.50 support and the 144.20 resistance.
Expected trend for today: Bullish
Origin: Economies
