The USDJPY pair begins today’s trading with bullish bias to breach 112.46 level again, reinforcing the expectations of continuing the bullish trend on the intraday and short term basis, organized inside the bullish channel that appears on the chart, waiting to target 112.95 followed by 113.56 levels as next main stations.
Stochastic supports the expected rise, which its continuation conditions holding above 111.97.
Expected trading range for today is between 111.90 support and 113.30 resistance
Expected trend for today: Bullish