The USDJPY pair provided positive trades yesterday to test 111.00 barrier, but it finds difficulty to continue rising now, affected by stochastic negativity, which might cause temporary sideways fluctuation before resuming the bullish bias.
In general, we will continue to suggest the bullish trend on the intraday basis as long as the price is above 110.24, noting that our next main target is located at 111.56.
The expected trading range for today is between 110.24 support and 111.56 resistance
The expected trend for today: Bullish