The USDJPY pair continues to rise calmly, to fluctuate around the resistance line located now at 132.90, while stochastic begins to provide negative signals now, waiting to assist to push the price to resume the main bearish trend, which its next main target located at 128.00.
Breaking 132.50 will reinforce the expectations to decline, while breaching 132.90 will push the price to test the main bearish channel’s resistance around 134.00 before any new attempt to decline.
The expected trading range for today is between 131.90 support and 133.60 resistance
The expected trend for today: Bearish
Origin: Economies
