The USDJPY pair succeeded to touch our waited target at 109.22 and attempts to breach it, to hint the price head to continue rising in the upcoming period, reminding you that the next station reaches 110.70.
The EMA50 keeps supporting the price from below, reinforcing the chances of achieving more gains on the intraday and short term basis, taking into consideration that breaching the mentioned level will force the price to rebound bearishly to head towards 107.68 areas mainly.
The expected trading range for today is between 108.50 support and 110.00 resistance
The expected trend for today: Bullish