USD/JPY Forecast. The price confirms the break 05-09-2024

jy-l2The USDJPY price provided additional negative trades after confirming breaking 145.36, to approach the first expected negative target at 143.00, and we suggest the continuation of the bearish bias to achieve additional negative targets that extend to 141.75 as a next station.

Therefore, we expect to witness more decline in the upcoming sessions, supported by the negative pressure formed by the EMA%0, noting that the continuation of the bearish wave conditions the price stability below 145.36.

The expected trading range for today is between 142.80 support and 144.50 resistance

Trend forecast: Bearish

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