The USDJPY pair managed to breach 113.00 level after the strong bullish rally that it witnessed yesterday, which supports the continuation of our bullish overview efficiently in the upcoming period, paving the way to visit the previously recorded top at 114.73 as a next station.
Therefore, we will continue to suggest the bullish trend on the intraday and short term basis, organized inside the bullish channel that appears on the chart, noting that breaking 113.00 will stop the current bullish momentum and push the price to test 111.90 areas again.
Expected trading range for today is between 112.50 support and 114.30 resistance.
Expected trend for today: Bullish