The USDJPY pair rallied upwards well yesterday and approached our waited target at 109.22, noticing that the price bounced bearishly to hint turning to decline again, on its way to test 107.70 level initially.
Therefore, we expect witnessing negative trades in the upcoming sessions supported by stochastic negativity, taking into consideration that breaching 109.22 will stop the negative scenario and push the price to achieve new gains on the intraday and short term basis.
The expected trading range for today is between 107.70 support and 109.00 resistance
The expected trend for today: Bearish
Origin: Economies
