The USDJPY pair fluctuates near the EMA50 and settles below it, to keep the negative pressure valid, noticing that stochastic overlaps negatively to support the chances of resuming the negative trades to break 109.22 and confirm extending the bearish wave on the intraday and short term basis, as our next target reaches 108.45.
Therefore, our bearish overview will remain valid and active conditioned by the price stability below 110.25.
The expected trading range for today is between 108.80 support and 110.25 resistance
The expected trend for today: Bearish
Origin: Economies
