The USDJPY price rose in its recent intraday trading, amid the domination of the bullish correctional trend on the short- term basis and its trading alongside bias line, which shows the strength of this wave until this moment, with the continuation of the positive pressure due to its trading above EMA50, adding more of the positive momentum on the current bullish trend, on the other hand, we notice the beginning of the negative signals emergence of the (RSI), after entering overbought levels, which decreased the last gains of the pair.

Therefore, our expectations suggest more of the correctional rise for the USDJPY price in its upcoming intraday trading, if the support level settles at 142.25, to target the critical resistance at 144.00.

The expected trading range is between 142.25 support and 144.00 resistance.

Todays forecast: Bullish

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