The dollar versus the yen shows some slight bearish tendency to approach the test of the support floor that it formed above the 106.44 level after previously breaching it. We note that the stochastic indicator begins to get rid of the negative momentum, while the moving average is provided 50 positive price support.
Therefore, these factors encourage us to continue suggesting the bullish trend for the upcoming period, whose next target is at 107.68, while its continuation requires stability above 106.44.
The expected trading range for today is between 106.00 support and 107.50 resistance
The expected general trend for today: bullish
