The USDJPY pair bounced downwards strongly after retesting 110.76 level in the previous sessions, to resume the bearish track and approach our main waited target at 109.40, noting that breaking this level will extend the bearish wave to reach 108.80 direct.
Therefore, we will continue to suggest the bearish trend in the upcoming sessions unless breaching 110.76 – 110.86 levels and holding above them.
The expected trading range for today is between 109.00 support and 110.40 resistance
The expected trend for today: Bearish
Origin: Economies
