The USDJPY pair achieved slight gains yesterday to move above 106.00 barrier, noticing that stochastic shows clear overbought signals now, in addition to the negative overlapping signal that we expect to motivate the price to resume the negative trades in the upcoming sessions, to keep the bearish trend scenario valid and active on the intraday and short term basis, which its next main target located at 105.20.
We remind you that the continuation of the suggested bearish wave depends on the price stability below 106.44.
The expected trading range for today is between 105.40 support and 106.50 resistance
The expected trend for today: Bearish
Origin: Economies
