The USDJPY pair traded with clear positivity to test the key resistance 148.30, noticing that the price consolidated below this level, as the EMA50 meets this level to add more strength to it, accompanied by witnessing clear negative signals through stochastic.
Therefore, we believe that the chances valid to resume the correctional bearish trend, which targets 146.17 areas mainly, taking into consideration that breaching 147.40 will stop the suggested negative scenario and push the price to regain the main bullish trend again.
The expected trading range for today is between 147.10 support and 148.60 resistance
The expected trend for today: Bearish
Origin: Economies
