FX.co ★ Daily analysis of USD/JPY for December 26, 2017

Overview

The USD/JPY pair shows sideways and tight trades, settling above 113.00 level, and the price continues to move inside the bullish channel, to keep the bullish trend scenario valid as it is for the upcoming period, waiting to visit 114.73 level mainly. We should note that breaking 113.00 will stop the expected rise and put the price under the correctional bearish pressure again. The expected trading range for today is between 112.80 support and 114.00 resistance.