The USDJPY pair achieved additional decline yesterday and approached our first waited target at 102.50, to rebound bullishly and settles around 103.00, noticing that the EMA50 forms negative pressure against the price, while stochastic lost its positive momentum to reach the overbought areas.
Therefore, these factors support the chances of resuming the main bearish trend, which its next target located at 102.15, reminding you that it is important to hold below 103.65 to continue the expected decline.
The expected trading range for today is between 102.30 support and 103.65 resistance
The expected trend for today: Bearish
Origin: Economies
