The USDJPY pair managed to touch 105.20 level and settles there, noticing that stochastic begins to lose the positive momentum, waiting to get negative momentum that assists to push the price to break the mentioned level and open the way to extend the bearish wave on the short term basis, as our next target is located at 103.65.
Therefore, the bearish trend scenario will remain suggested for the upcoming period, noting that failing to break might push the price to test 106.00 and might extend to 106.44 levels before any new attempt to decline.
The expected trading range for today is between 104.60 support and 106.00 resistance
The expected trend for today: Bearish
Origin: Economies
