The EMA50 formed solid support against the USDJPY pair’s attempts to decline, to show some slight bullish bias, affected by stochastic positivity, and the price needs to get negative momentum that assist to resume the negative trades and surpass the EMA50 to open the way to achieve our negative targets that start at 143.45 and extend to 142.35.
In general, we will continue to suggest the bearish trend for the upcoming period unless the price rallied to breach 145.90 and hold above it.
The expected trading range for today is between 144.10 support and 145.50 resistance
The expected trend for today: Bearish
Origin: Economies
