The USDJPY pair bounced bearishly after testing 109.22 level, to start pressing on the intraday bullish channel’s support line, and the price needs to break this level to reinforce the expectations of continuing the bearish trend, which its next target located at 107.68.
Therefore, our bearish overview will remain valid and active for the upcoming period supported by the EMA50, reminding you that it is important to hold below 109.22 to achieve the waited targets.
The expected trading range for today is between 108.20 support and 109.30 resistance
The expected trend for today: Bearish
Origin: Economies
