The USDJPY pair managed to surpass the EMA50 and settled above it, reinforcing the expectations of continuing the bullish trend in the upcoming sessions, which targets visiting 109.33 level as a next main station.
Therefore, we are waiting for more rise today, noting that breaching the targeted level will push the price to 110.50 as a next target, while the bullish trend will remain valid unless breaking 108.40 and holding below it.
The expected trading range for today is between 108.00 support and 109.50 resistance
The expected trend for today: Bullish