The USDJPY pair found difficulty to surpass 129.60 level, to rebound bearishly by today’s open and head to achieve new bearish correction, targeting 128.60 followed by 127.95 levels as next main stations.
Therefore, the bearish bias will be suggested for today supported by the EMA50 and stochastic negativity, taking into consideration that breaching 129.60 will lead the price to resume the main bullish trend again.
The expected trading range for today is between 128.20 support and 129.50 resistance
Origin: Economies
