The USDJPY pair continues to fluctuate at 108.30 level, noticing that stochastic begins to overlap positively on the four hours’ time frame, waiting to motivate the price to breach the mentioned level and open the way to rally towards our next positive target that reaches 109.30.
Therefore, we will continue to suggest the bullish trend on the intraday and short term basis unless breaking 107.70 and holding with a daily close below it.
The expected trading range for today is between 107.50 support and 109.00 resistance
The expected trend for today: Bullish