The USDJPY pair showed positive trades yesterday to approach 105.00 barrier, noticing that stochastic lost its positive momentum to reach the overbought areas, waiting to motivate the price to resume the expected bearish trend on the intraday and short term basis, which targets 103.65 mainly.
Therefore, the bearish trend scenario will remain active unless the price rallied to breach 105.20 and hold above it.
The expected trading range for today is between 103.50 support and 105.00 resistance
The expected trend for today: Bearish
Origin: Economies
