The USDJPY pair found solid support at 110.00 areas, to rebound bullishly and test the key resistance that appears on the chart again, which urges caution from the upcoming trading, as holding above 111.25 will push the price to exit the main bearish channel and turn to rise on the short term and medium term basis.
Until now, the bearish trend still suggested for the upcoming period unless the price confirmed breaching 111.25 level, reminding you that our first main target is located at 109.06.
The expected trading range for today is between 110.00 support and 112.00 resistance
The expected trend for today: Bearish