The USDJPY pair opened today’s trading with bullish bias after leaning on the EMA50 that provides good positive support to the price, noticing that stochastic provides positive overlapping signal now, which reinforces the chances of continuing the bullish bias today, waiting to test 110.50 level initially.
Therefore, we will continue to suggest the bullish trend in the upcoming sessions conditioned by the price stability above 109.33, reminding you that surpassing the mentioned target will push the price to 111.50 as a next positive target.
The expected trading range for today is between 109.50 support and 110.80 resistance
The expected trend for today: Bullish