The USDJPY pair shows sideways and tight trading in the past two days, setline above the EMA50, and we still waiting to breach the key resistance 111.75 to activate the positive effect of the inverted head and shoulders' pattern that appears on chart, which will allow the price to achieve positive targets that reach to 113.97 mainly.
Therefore, we will continue to suggest the bullish trend in the upcoming sessions unless breaking 110.95 followed by 110.65 levels and holding below them.
Expected trading range for today is between 110.65 support and 112.50 resistance.
Expected trend for today: Bullish