The USDJPY pair opened today’s trading with clear rise to test the key resistance 148.50, noticing that the price consolidated below this level and begins to decline again, to keep the bearish trend scenario valid in the upcoming sessions, waiting to break 147.65 to ease the mission of achieving the negative targets that start at 146.60 followed by 145.90.
Stochastic loses its positive momentum to support the expectations to decline, which conditions holding below 148.50.
The expected trading range for today is between 147.00 support and 148.50 resistance
The expected trend for today: Bearish
Origin: Economies
