The USDJPY pair provided additional negative trades yesterday to approach 140.00 barrier, noticing that the price bounced bullishly to fluctuate around 141.40 now, as it was affected by stochastic positivity that loses the positive momentum now to reach the overbought areas, which supports the chances of resuming the bearish wave that its next target located at 139.45.
The EMA50 forms negative pressure that supports the continuation of the expected bearish trend for today, which will remain valid unless the price rallied to breach 142.35 and hold above it.
The expected trading range for today is between 140.50 support and 142.00 resistance
The expected trend for today: Bearish
Origin: Economies
