The USDJPY pair traded with strong positivity yesterday to surpass our waited target at 121.70 and reach 122.40, noticing that the price rebounds bearishly from there to start bearish correction for the rise that started from 114.65 areas, to head towards visiting 120.60 mainly.
Therefore, the bearish bias will be suggested for today supported by stochastic negativity, noting that breaching 122.40 will stop the expected decline and lead the price to resume the main bullish track again.
The expected trading range for today is between 121.00 support and 122.10 resistance
The expected trend for today: Bearish
Origin: Economies
