The USDJPY pair resumed its negative trading to approach 141.00 barrier, and we expect to achieve additional negative targets that reach 139.45, which represents 50% Fibonacci correction level for the entire decline measured from 127.22 to 151.70.
Therefore, we are waiting for more decline on the intraday and short-term basis, supported by the EMA50 that presses negatively on the price, noting that breaching 142.35 will stop the current negative pressure and push the price to start recovery attempts.
The expected trading range for today is between 140.50 support and 142.00 resistance
The expected trend for today: Bearish
Origin: Economies
