The USDJPY pair couldn’t manage to hold for long time above 148.00 barrier, to rebound bearishly and hint heading to achieve expected decline on the intraday basis, targeting visiting 146.60 followed by 145.90 areas mainly.
Therefore, the bearish bias will be suggested for today, and breaking 147.65 will reinforce the negative overview, noting that breaching 148.50 will stop the expected decline and push the price to resume the bullish track again.
The expected trading range for today is between 147.00 support and 148.50 resistance
The expected trend for today: Bearish
Origin: Economies
