The USDJPY pair provided clear positive trades yesterday to test the key resistance 107.98, and we still waiting to breach this level to confirm extending the bullish wave on the intraday and short term basis, as our next target is located at 109.60.
In general, the bullish trend scenario still active for the upcoming period conditioned by the price stability above 104.63, noting that stochastic current negativity interprets the reasons of the difficulty to achieve the required breach.
The expected trading range for today is between 106.20 support and 108.30 resistance
The expected trend for today: Bullish