The USDJPY pair managed to achieve our waited target at 108.93 and settles near it, and the price still within the correctional bullish channel that appears on the chart, waiting to breach this level to head towards the next correctional level at 109.60.
The price might witness some temporary bearish bias affected by stochastic negativity before resuming the expected bullish trend, noting that breaking 108.10 will stop the correctional bullish scenario and press on the price to decline again.
The expected trading range for today is between 108.10 support and 109.60 resistance
The expected trend for today: Bullish