The USDJPY pair managed to achieve our waited target at 109.22, providing temporary positive trades affected by stochastic positivity, but we expect resuming the bearish bias and break the mentioned level to head towards 107.70 as a next main negative target.
Therefore, the negative scenario will remain expected for the upcoming period, noting that breaching 110.10 will stop the current correctional bearish scenario and lead the price to attempt to regain the main bullish trend again.
The expected trading range for today is between 108.70 support and 110.10 resistance
The expected trend for today: Bearish
Origin: Economies
