The USDJPY pair continued to decline to test the most important support at 141.40, noticing that the price consolidated above this level and begins to rebound bullishly from there, to head towards building expected bullish wave on the intraday basis, targeting visiting 144.00 areas mainly.
Therefore, we will continue to suggest the bullish trend for the upcoming period, supported by the positive momentum signals provided by stochastic now, noting that breaking 141.40 will put the price under additional negative pressure and push the price back to the correctional bearish track again.
The expected trading range for today is between 141.40 support and 142.80 resistance
The expected trend for today: Bullish
Origin: Economies
