The USDJPY pair keeps crawling downwards to reach the thresholds of 104.00 barrier, which supports the continuation of our bearish overview on the intraday and short term basis, supported by the negative pressure that the EMA50 continues to provide, reminding you that our next main target reaches 103.65.
Breaking 104.20 will ease the mission of achieving the mentioned target, while the continuation of the expected bearish trend requires holding below 105.20.
The expected trading range for today is between 103.50 support and 105.00 resistance
The expected trend for today: Bearish
Origin: Economies
