The USDJPY pair provided negative trades yesterday to touch 147.00 barrier, but we notice that the EMA50 formed solid support that pushed the price to rise and test 148.50 level again, noticing that stochastic overlaps negatively now, waiting to motivate the price to resume the bearish wave that targets 146.60 followed by 145.90 levels as next main stations.
Therefore, we will continue to suggest the bearish trend for the upcoming period unless breaching 148.50 and holding above it.
The expected trading range for today is between 147.00 support and 148.70 resistance
The expected trend for today: Bearish
Origin: Economies
