The USDJPY pair succeeded to touch our first waited target at 105.20, showing some slight bullish bias affected by stochastic positivity, while the EMA50 forms negative pressure against the price.
In general, we suggest the continuation of the overall bearish trend domination on the upcoming trading, and the price needs to break 105.20 to confirm extending the bearish wave towards 103.65, taking into consideration that failing to achieve the required break will lead the price to achieve intraday gains and test 106.44 before any new attempt to decline.
The expected trading range for today is between 104.80 support and 106.00 resistance
The expected trend for today: Bearish
Origin: Economies
