The USDJPY pair shows more bullish bias to start testing 112.00 barrier, and the price continues to move inside the bullish channel that supports the chances of continuing the expected bullish wave on the intraday and short term basis, waiting to visit 112.60 followed by 113.70 levels as next main stations.
The EMA50 keeps supporting the suggested bullish wave, noting that breaking 111.40 will press on the price to start bearish correction that might target 110.75 areas before any new attempt to rise.
The expected trading range for today is between 111.40 support and 112.90 resistance
The expected trend for today: Bullish