The USDJPY price bounced downwards clearly to start bearish correction for the rise that started from 146.47 areas, as it attacks 23.6% Fibonacci correction level by today’s open and attempts to confirm breaking it, confirming the continuation of the bearish trend domination in the upcoming sessions, noting that the next station is located at 149.77.
Therefore, the bearish bias will be expected for today, and breaking the targeted level will extend the bearish wave to reach 149.15, noting that failing to confirm breaking 150.55 will stop the expected decline and lead the price to resume the main bullish trend again.
The expected trading range for today is between 149.60 support and 151.00 resistance
Trend forecast: Bearish
Origin: Economies
