The USDJPY pair traded with clear positivity yesterday to test the key resistance 147.20, noticing that the price consolidates below it, while stochastic lost its positive momentum and begins to overlap negatively, waiting to motivate the price to resume the bearish wave and head to test 146.17 again.
Therefore, we expect to witness negative trades in the upcoming sessions supported by the EMA50, noting that breaching 147.20 will push the price to achieve additional gains that reach 148.30.
The expected trading range for today is between 146.30 support and 147.90 resistance
The expected trend for today: Bearish
Origin: Economies
