The USDJPY pair bounced bearishly yesterday after touching 114.00 barrier, to test the bullish channel’s support line again, met by the EMA50 to add more strength to it, accompanied by stochastic reach to the oversold areas.
Therefore, these factors encourage us to keep our bullish overview in the upcoming period conditioned by the price stability above 113.30 and the most important above 112.96, reminding you that our next main target is located at 114.55.
Expected trading range for today is between 112.70 support and 114.10 resistance
Expected trend for today: Bullish