USD JPY gains well 05/04/2013

The pair rallied sharply to the upside affected by the Japanese economic data release, where it achieved a breach above the previously recorded top at 96.69, this breach and the return inside the bullish channel makes the bullish trend preferred on the intraday basis, and the target is near 99.00

Note that breaking below 96.69 followed by 94.35 will turn the negative scenario back again.

Expected trading range for today is between 95.00 support and 98.00 resistance.

Expected trend for today: Bullish