The USDJPY returns to the channel – Analysis - 05-07-2022

The USDJPY pair opened today with clear positivity to return to the bullish channel again, which leads the price to resume the main bullish trend and stop the bearish correction that dominated  the recent trades, waiting to breach 136.70 to confirm extending the bullish wave towards 137.50 as a next positive target.

The EMA50 supports the expected rise, which will remain valid unless breaking 135.50 and holding below it.

The expected trading range for today is between 135.60 support and 137.00 resistance

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The expected trend for today: Bullish