The USDJPY price attempted to break 145.36 level yesterday, noticing that the price closed the daily candlestick below it, which supports the continuation of the expected bearish trend on the intraday basis, affected by the previously completed rising wedge pattern, waiting to visit 144.00 followed by 142.15 level as next negative stations.
The EMA50 forms negative pressure that supports the continuation of the expected decline, noting that breaching 146.05 will stop the current negative pressure and lead the price to start recovery attempts on the intraday basis.
The expected trading range for today is between 144.50 support and 146.00 resistance
Trend forecast: Bearish
Origin: Economies
