The USDJPY price broke 157.35 level strongly to start bearish correction and head towards testing the main bullish channel’s support line that appears on the chart, targeting visiting 153.75 mainly.
Therefore, we expect to witness more decline in the upcoming sessions, and breaking 154.95 will confirm the continuation of the bearish trend domination, while breaching 156.45 will stop the current negative pressure and lead the price to attempt to regain the main bullish trend again.
The expected trading range for today is between 154.60 support and 156.25 resistance
Trend forecast: Bearish
