The USDJPY pair faced additional negative pressure to break 110.00 and settles below it, which leads the price to achieve more expected decline in the upcoming sessions, organized inside the bearish channel that appears on the chart, waiting to test 109.22 level initially.
The EMA50 supports the expected decline, noting that breaking the targeted level will extend the bearish wave to target 108.60 as a next station, while the expected decline will remain valid unless the price rallied to breach 110.40 and hold above it.
The expected trading range for today is between 109.20 support and 110.30 resistance
The expected trend for today: Bearish
Origin: Economies
