The USDJPY price found solid support at 38.2% Fibonacci correction level at 146.80, accompanied by witnessing positive signals through RSI, which leads the price to attempt to recover and build intraday bullish wave, and we suggest heading to test 148.37 areas in the upcoming sessions.
Therefore, the bullish bias will be expected for today, and breaching 147.25 will ease the mission to rise, taking into consideration that breaking 146.80 will stop the bullish wave and push the price to resume the bearish correction and target 145.60 areas as a next correctional station.
The expected trading range for today is between 146.40 support and 148.00 resistance
Trend forecast: Bullish
Origin: Economies
