The USDJPY pair managed to break 106.00 level to rally bearishly on its way towards our first waited negative target at 105.20, which supports the continuation of our bearish overview on the intraday and short term basis, noting that breaking the targeted level will extend the bearish wave to reach 103.65 as a next main station.
Therefore, the bearish trend scenario will remain valid and active supported by the negative pressure formed by the EMA50, reminding you that holding below 106.44 is important to continue the expected decline.
The expected trading range for today is between 104.80 support and 106.20 resistance
The expected trend for today: Bearish
Origin: Economies
