The USDJPY pair keeps its stability above 103.65 level, which keeps the bearish trend scenario valid and active on the short term and medium term basis, supported by the negative pressure coming by the EMA50, waiting to head towards 102.55 that represents our next main target.
Holding below 103.65 is important to continue the expected decline, as breaching it will lead the price to turn to rise on the intraday basis and achieve positive targets that might reach 105.20.
The expected trading range for today is between 102.55 support and 104.00 resistance
The expected trend for today: Bearish
Origin: Economies
