The USDJPY pair continued to rise to test the key resistance 105.20 and keeps its stability below it, to keep the bearish trend scenario valid until now, waiting to resume the bearish bias that its targets begin by breaking 104.55 level to ease the mission of heading towards 103.65.
On the other hand, we should note that breaching 105.20 will stop the negative scenario and push the price to resume the bullish wave within the bullish channel that appears on the chart and head towards 106.00 followed by 106.44 areas on the near term basis.
The expected trading range for today is between 104.30 support and 105.40 resistance
The expected trend for today: Bearish
Origin: Economies
