The USDJPY pair resumed its negative trading after approaching 109.33 level in the previous sessions, falling under continuous negative pressure coming by the EMA50, to keep the bearish trend valid and active on the intraday basis, reminding you that our waited target is located at 108.40.
Note that breaking the targeted level will extend the bearish wave to reach 107.45, while the expected decline will remain valid unless breaching 109.33 level and holding with a daily close above it.
The expected trading range for today is between 108.20 support and 109.50 resistance
The expected trend for today: Bearish
Origin: Economies
