The USDJPY pair trades with clear negativity to press on the key support 114.65 and attempts to break it, which urges caution from the upcoming trading and makes us prefer to stay aside until the price confirms its situation according to the mentioned level, noting that the contradiction between the technical indicators provides another reason for neutrality.
Note that the consolidation of the mentioned level against the current negative pressure will lead the price to resume the bullish trend that its targets located at 115.30 followed by 116.35, while breaking it will press on the price to return to the correctional bearish track and target 113.60 areas on the near term basis.
The expected trading range for today is between 114.10 support and 115.40 resistance
The expected trend for today: Neutral
