The USDJPY pair shows sideways trading since yesterday and attempts to gradually approach our first positive target at 113.56, noticing that the EMA50 provides positive support to the price, to keep the bullish trend active in the upcoming sessions, reminding you that breaching the mentioned level will push the price towards 114.55 as a next station.
We should note that breaking 112.95 might push the price to test the key support levels 112.46 followed by 111.97 before any new attempt to rise.
Expected trading range for today is between 112.70 support and 114.00 resistance
Expected trend for today: Bullish