The USDJPY pair traded positively yesterday to surpass 112.00 barrier and settles above it, reinforcing the expectations of continuing the bullish trend in the upcoming period, which its next target located at 113.18.
Therefore, the bullish trend will remain dominant on the intraday and short term basis supported by the EMA50, conditioned by the price stability above 111.16.
Expected trading range for today is between 111.70 support and 113.18 resistance
Expected trend for today: Bullish