The USDJPY pair keeps its stability below 109.22, noticing that stochastic loses its positive momentum gradually, waiting to motivate the price to resume the expected bearish trend for the upcoming period, which targets 107.70 mainly.
Therefore, we will keep our bearish overview that gets good support by the EMA50 unless breaching 109.22 – 109.35 levels and holding above them.
The expected trading range for today is between 108.20 support and 109.40 resistance
The expected trend for today: Bearish
Origin: Economies
