The USDJPY pair finds difficulty to breach 145.00 level, to fluctuate at the main bullish channel’s support line, waiting to get positive motive that assists to push the price to resume the bullish wave that its next target located at 145.90.
Stochastic negativity interprets the reasons of the current sideways fluctuation, while the EMA50 continues to provide the positive support to the price, thus, we will keep our bullish overview unless breaking 144.00 and holding below it.
The expected trading range for today is between 144.00 support and 145.50 resistance
The expected trend for today: Bullish
Origin: Economies
