The USDJPY pair settled below 108.00 barrier, noticing that stochastic provides negative overlapping signal now, waiting to motivate the price to continue the decline to touch our waited target at 107.70, and the chances valid to surpass this level and open the way to head towards 106.45 as a next negative target.
Therefore, our bearish overview will remain valid and active conditioned by the price stability below 108.35.
The expected trading range for today is between 107.30 support and 108.35 resistance
The expected trend for today: Bearish
Origin: Economies
