The USDJPY price bounced downwards strongly after approaching 158.00 barrier, to start bearish correction for the rise that started from 148.64 areas, waiting to test 155.74 as a first station, noting that breaking this level will push the price towards 154.40 as a next main target.
Therefore, the bearish bias will be suggested for today, noting that breaching 157.20 will stop the expected bearish correction and lead the price to resume the main bullish trend again.
The expected trading range for today is between 155.60 support and 157.20 resistance
Trend forecast: Bearish
Origin: Economies
