Overview
The USDJPY pair ended yesterday's trading at 116.55, leaning on the minor bearish channel's support shown on the chart. The pair rebound bullishly at today's opening attempting to resume the main bullish trend, supported by stochastic positivity on the four-hour time frame. Therefore, we believe that the chances of further increase in the upcoming sessions are valid, and the price needs to breach 117.60 levels to achieve our positive targets that start at 118.40 and extend to 120.00. A break of 115.90 levels will stop the suggested positive scenario and push the price to 113.97 mainly. The expected trading range for today is between the 116.00 support and the 118.00 resistance.
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