The USDJPY pair provided clear negative trading yesterday to move below 113.44, as it shows some bearish correction for the last rise that started from 111.65 areas, noticing that stochastic reaches the oversold areas, while the EMA50 provides continuous positive support to the price, to protect trading inside the bullish channel that appears on chart.
Therefore, we will continue to suggest the overall bullish trend, which depends on holding above 112.55, noting that our waited targets begin at 114.30 and extend to 115.50.
Expected trading range for today is between 112.80 support and 114.30 resistance.
Expected trend for today: Overall Bullish