The USDJPY pair rallied upwards strongly yesterday to breach 107.28 level and settled above it, which stops the recently suggested bearish trend scenario and push the price to achieve more gains on the intraday and short term basis, on its way to visit 109.04 level as a next main station.
Therefore, the bullish bias will be suggested for today, supported by moving above the EMA50, taking into consideration that breaking 107.28 will stop the expected rise and push the price to return to the main bearish track again.
Expected trading range for today is between 107.00 support and 108.70 resistance.
Expected trend for today: Bullish