The USDJPY pair opens today’s trading with clear bearish bias to approach our first waited target at 103.65, and we suggest the continuation of the decline to break this level and open the way to head towards 103.00 as a next negative station.
Therefore, we will continue to suggest the bearish trend on the intraday and short term basis, noting that holding below 104.65 represents key condition to achieve the waited targets.
The expected trading range for today is between 103.20 support and 104.65 resistance
The expected trend for today: Bearish
Origin: Economies
