The USDJPY pair bounced upwards clearly after approaching the first waited target at 138.20, to breach 139.20 and settles above it, which hints stopping the bearish correction and head to resume the main bullish trend, and we suggest testing the recently recorded top at 140.90 as a next station, which breaching it represents the key to head towards 141.00 direct.
Therefore, we expect to witness more rise in the upcoming sessions, supported by moving above the EMA50, noting that breaking 139.20 will stop the expected positive scenario and push the price to return to the correctional bearish track again.
The expected trading range for today is between 139.50 support and 141.00 resistance
The expected trend for today: Bullish