The USDJPY pair resumed its negative trading after testing the EMA50 in the previous sessions, to head towards visiting our main waited target at 109.22, supported by stochastic negativity.
Therefore, the bearish trend scenario will remain valid and active for the upcoming period unless the price rallied to breach 110.65 and hold with a daily close above it.
The expected trading range for today is between 109.20 support and 110.40 resistance
The expected trend for today: Bearish
Origin: Economies
