The USDJPY pair confirmed breaking 107.68 after closing the daily candlestick below it, reinforcing the expectations of continuing the decline on the intraday and short term basis, and the way is open to achieve our waited target at 106.44.
Therefore, the negative pressure will remain dominant in the upcoming sessions, and breaking the targeted level will extend the bearish wave to reach 105.20, noting that breaching 107.68 and holding above it might push the price to test 109.20 before any new attempt to decline.
The expected trading range for today is between 106.45 support and 108.20 resistance
The expected trend for today: Bearish
Origin: Economies
