The USDJPY pair provided temporary positive trades on last Friday to test 106.00 barrier, but it begins bouncing bearishly from this level, as the EMA50 forms good negative pressure against the price, while stochastic begins to overlap negatively.
Therefore, these factors support the continuation of the expected negative scenario for the upcoming period, which its targets begin by testing 105.20, reminding you that breaking this level will push the price to 103.65 as a next main target, while the expected decline will remain valid unless breaching 106.44 and holding above it.
The expected trading range for today is between 105.00 support and 106.40 resistance
The expected trend for today: Bearish
Origin: Economies
