The USDJPY pair retested 111.75 level yesterday and bounced bullishly from there, to keep the positive effect of the inverted head and shoulders' pattern active, waiting for more rise that its next main target reach to 113.97.
The EMA50 supports the suggested bullish wave, which its continuation conditions holding above 111.75.
Expected trading range for today is between 111.55 support and 113.40 resistance.
Expected trend for today: Bullish