The USDJPY pair finds difficulty to breach 110.04 level, showing slight bearish bias affected by stochastic negativity, noticing that stochastic attempts to gain the positive momentum clearly to approach from the oversold levels, which forms positive motive that we wait to push the price to assist to push the breach the mentioned level.
In general, we keep preferring the bullish trend conditioned by holding above 109.00, supported by the EMA50 that protects the trading within the bullish channel, reminding you that our extended target reach to 111.32.
Expected trading range for today is between 109.00 support and 110.50 resistance.
Expected trend for today: Bullish