The USDJPY pair succeeded to breach 108.93 level by today’s opening and closed the last four hours’ candlestick above it, to complete forming the double bottom pattern that appears on the chart and activates its positive effect, waiting for more rise in the upcoming period, as the next positive targets located at 109.60 followed by 110.25.
Therefore, we will continue to suggest the bullish trend supported by the EMA50, noting that holding above 108.93 represents the first condition to continue the expected rise.
The expected trading range for today is between 108.70 support and 110.00 resistance
The expected trend for today: Bullish