The USDJPY pair settles around 112.00 barrier, while stochastic begins the attempts to get rid of the negative momentum, waiting to motivate the price to resume the bullish trend that gets continuous support by the EMA50, carried by the bullish trend line that appears on the chart.
Therefore, the bullish trend will remain suggested in the upcoming period conditioned by the price stability above 111.16, reminding you that our next main target is located at 113.18.
Expected trading range for today is between 111.20 support and 112.80 resistance
Expected trend for today: Bullish