The USDJPY pair shows sideways trading since yesterday and settles above the EMA50, noticing that stochastic provides positive overlapping signal now, which supports the chances of resuming the rise to breach 108.93 followed by opening the way to head towards our next positive target at 109.60.
Therefore, the bullish trend scenario will remain valid for the upcoming period conditioned by the price stability above 108.10.
The expected trading range for today is between 108.10 support and 109.50 resistance
The expected trend for today: Bullish