The USDJPY pair traded positively yesterday and breached 103.65 level, but we notice that the price begins today with clear decline to press on this level and attempts to trade below it again, supported by the negative signal provided by stochastic, waiting for more decline in the upcoming sessions to head towards 102.50 that represents our next negative target.
Therefore, we will continue to suggest the bearish trend for the upcoming period conditioned by the price stability below 103.65.
The expected trading range for today is between 102.80 support and 104.00 resistance
The expected trend for today: Bearish
Origin: Economies
