The USDJPY pair keeps rallying upwards to surpass our waited extended target at 127.00, opening the way to achieve more expected gains on the short term and medium term basis, noting that the next station is located at 128.00.
The EMA50 continues to support the price from below to reinforce the positive overview, which will remain valid unless breaking 126.00 and holding below it.
The expected trading range for today is between 126.70 support and 128.00 resistance
The expected trend for today: Bullish