The USDJPY pair resumes its positive trading by today’s opening after retesting 106.35 level successfully, which keeps the bullish trend scenario valid and active in the upcoming sessions, supported by the positive signal provided by stochastic, reminding you that our next target is located at 107.40.
Breaching the targeted level will extend the bullish wave to reach 08.54, while breaking 106.35 will stop the expected rise and push the price to decline again.
Expected trading range for today is between 105.80 support and 107.60 resistance.
Expected trend for today: Bullish