The USDJPY pair rallied upwards strongly yesterday to approach our main waited target at 112.14, starting today with slight bearish bias affected by stochastic negativity, and it might witness some temporary decline before resuming the main bullish trend again.
In general, we will continue to suggest the bullish trend in the upcoming sessions unless breaking 110.86 level and holding below it, noting that breaching the targeted level will extend the bullish wave to reach 113.10 as a next main station.
The expected trading range for today is between 111.00 support and 112.60 resistance
The expected trend for today: Bullish