The USDJPY pair provided clear negative trades yesterday to test 108.00 barrier, reinforcing the expectations of continuing the bearish trend, which targets testing 107.70 level mainly, noting that breaking this level will extend the bearish wave to target 106.45 as a next station.
The bearish channel continues to organize the suggested bearish wave, which will remain valid unless the price rallied to breach 109.22 and hold above it.
The expected trading range for today is between 107.50 support and 108.80 resistance
The expected trend for today: Bearish
Origin: Economies
