The USDJPY pair shows slight bearish bias after the rise that it witnessed in the previous sessions, noticing that stochastic provides negative signals that support the chances of continuing the decline in the upcoming period, to continue suggesting the bearish trend that targets 105.50 followed by 104.60 levels as next main stations.
The EMA50 supports the expectations to decline, while holding below 106.97 represents key condition to achieve the suggested targets.
The expected trading range for today is between 105.10 support and 106.60 resistance
The expected trend for today: Bearish
Origin: Economies
