The USDJPY pair succeeded to reach few pips away from our first waited target at 109.33, showing some slight bearish bias affected by stochastic negativity, and it might test the EMA50 before resuming the bullish trend again.
Until now, we suggest the continuation of the bullish bias in the upcoming period supported by the organized trading inside the bullish channel that appears on the chart, noting that breaching 109.33 will push the price to 110.50 as a next station, while the bullish trend will remain valid unless breaking 108.40 – 108.20 levels and holding below them.
The expected trading range for today is between 108.40 support and 109.80 resistance
The expected trend for today: Bullish