The USDJPY pair traded positively yesterday and begins today with more bullish rally, reinforcing the expectations of continuing the bullish trend on the intraday and short term basis, which gets continuous positive support by the EMA50, and the way is open to achieve our main waited target at 113.18.
Holding above 111.16 is important to continue the suggested rise, as breaking it will put the price under the negative pressure again and stop the current bullish trend scenario.
Expected trading range for today is between 112.00 support and 113.18 resistance
Expected trend for today: Bullish