The USDJPY pair bounced bullishly after testing 111.97 in the previous sessions, but it finds difficulty to confirm breaching 112.46 level, to test the main bullish channel’s support line now.
The price needs to get enough positive momentum to push trades to continue the main bullish trend, which its next main targets located at 112.95 followed by 113.56, while holding above 111.97 represents key condition to achieve the suggested targets.
Expected trading range for today is between 111.50 support and 113.00 resistance
Expected trend for today: Bullish