Overview
The USD/JPY pair continued its rise yesterday to approach the retesting of the previously broken neckline of the double top pattern that appears in the image at 111.65, which meets the EMA50 to strengthen it, accompanied with stochastic move within the overbought levels. Therefore, these factors encourage us to keep our overall bearish trend expectations. Its next main target is located at 109.00, while breaching 111.65 represents positive factor that will lead the price to achieve gains that begin at 112.45 and extend to 113.97. The expected trading range for today is between 110.00 support and 112.00 resistance.
