The USDJPY pair declined strongly yesterday to surpass our waited target at 144.47 and reach 61.8% Fibonacci correction level at 142.76, as it attempted to break this level, but it returns to recover and approaches the resistance line formed at 144.47.
Now, we expect resuming the negative trades and head to attack 142.76 level and attempt to open the way to achieve additional negative targets that reach 140.65, noting that breaching 144.47 will stop the current negative pressure and lead the price to attempt to regain the main bullish trend again.
The expected trading range for today is between 142.50 support and 144.50 resistance
The expected trend for today: Bearish
Origin: Economies
