The USDJPY pair returns to rise and fluctuate around the EMA50, noticing that stochastic shows clear negative signals now, waiting to motivate the price to resume the expected bearish trend for the upcoming period, which its targets begin by testing 106.44.
In general, the negative scenario will remain valid and active on the intraday and short term basis unless breaching 107.68 and holding above it.
The expected trading range for today is between 106.40 support and 107.70 resistance
The expected trend for today: Bearish
Origin: Economies
