The USDJPY pair was affected by stochastic negativity to show bearish bias and test the EMA50, noticing that the indicator provides positive signals now, waiting to motivate the price to resume the expected bullish trend on the intraday and short term basis, which its next target located at 116.35.
Therefore, the positive scenario will remain active unless we witnessed clear break to 114.65 and holding below it.
The expected trading range for today is between 114.60 support and 116.00 resistance
The expected trend for today: Bullish
