The USDJPY pair provided clear positive trades yesterday after leaning on the EMA50, to test the key resistance 109.22, noticing that the price keeps its stability below this level, which represents major condition to continue the expected negative scenario for the upcoming period, waiting to visit 107.70 as a first target.
Note that stochastic provides negative signal that we are waiting to assist to push the price to decline today.
The expected trading range for today is between 108.20 support and 109.40 resistance
The expected trend for today: Bearish
Origin: Economies
