The USDJPY pair bounced downwards clearly yesterday to start testing 142.76 level now, falling under negative pressure formed by the EMA50, to support the chances of breaking the mentioned level and open the way to achieve new negative targets that reach 140.65 areas.
Therefore, we expect the continuation of the bearish trend domination in the upcoming sessions, taking into consideration that failing to break 142.76 will stop the expected decline and push the price to recover again.
The expected trading range for today is between 142.00 support and 143.50 resistance
The expected trend for today: Bearish
Origin: Economies