The USDJPY pair shows new positive trades to approach our first waited target at 107.00, getting continuous positive support by the EMA50, to keep the bullish overview valid, which its next main target located at 107.65.
Holding above 106.44 is important to achieve the suggested targets, as breaking it will press on the price to turn to decline and head towards 105.20 areas on the near-term basis.
The expected trading range for today is between 106.20 support and 107.60 resistance
The expected trend for today: Bullish