The USDJPY pair shows sideways trading since yesterday, settling above the EMA50 that forms good support to the intraday trading, while stochastic begins to provide positive overlapping signal now.
Therefore, we believe that the chances are valid to resume the expected bullish wav for the upcoming period, as our next target is located at 111.56, while the price needs to hold above 110.24 to guarantee the continuation of the suggested rise.
The expected trading range for today is between 110.24 support and 111.56 resistance
The expected trend for today: Bullish