The USDJPY pair achieved clear breach to 113.97 level and settled above it, to activate the positive scenario on the intraday and short term basis, and its main target located at 117.30.
Breaching 114.90 level required to confirm the continuation of the expected bullish trend, which gets positive support from the EMA50, being aware that breaking 113.97 then 113.50 levels will stop the expected rise and pushes the price to return to the breached bearish channel.
Expected trading range for today is between 113.50 support and 115.50 resistance.
Expected trend for today: Bullish