The USDJPY pair managed to reach the extended target at 111.70 and begins to rebound bearish from there, which hints heading to decline in the upcoming sessions, on its way to achieve negative targets that start at 110.45.
Therefore, the bearish bias will be suggested for today supported by the negative signals that appear through stochastic, noting that breaching 111.70 will lead the price to achieve additional gains and head towards 112.50 areas initially.
The expected trading range for today is between 110.70 support and 111.90 resistance
The expected trend for today: Bearish
Origin: Economies
