The USDJPY pair broke the bullish channel’s support line strongly and settled below it, to activate the negative scenario on the intraday basis, on its way to visit 109.22 mainly.
Therefore, the bearish bias will be suggested in the upcoming sessions unless breaching 110.35 level and holding above it, as breaching this level will push the price back to the bullish track again.
The expected trading range for today is between 109.20 support and 110.35 resistance
The expected trend for today: Bearish
Origin: Economies
