The USDJPY pair bounced bearishly after approaching the bearish channel’s resistance, to keep the bearish trend scenario valid and active for the upcoming period, supported by the negative pressure formed by the EMA50, reminding you that our first target is located at 109.22.
Breaking this level will push the price to 108.60 as a next negative target, while the continuation of the bearish wave depends on the price stability below 110.35.
The expected trading range for today is between 109.00 support and 110.35 resistance
The expected trend for today: Bearish
Origin: Economies
