The USDJPY pair managed to break 105.20 level and hold with a daily close below it, which supports the continuation of our bearish overview on the short term and medium term basis, on its way to visit 103.65 level that represents the next negative target.
The EMA50 keeps pressing negatively on the price to support the expectations to decline, which will remain valid conditioned by the price stability below 105.20.
The expected trading range for today is between 104.40 support and 105.70 resistance
The expected trend for today: Bearish
Origin: Economies
