The USDJPY pair tests the resistance line formed at 105.50 after breaking it previously and still below it until now, accompanied by stochastic loss to the positive momentum gradually, while the EMA50 forms continuous negative pressure against the price.
Therefore, these factors encourage us to keep our bearish overview, which its next target located at 104.60, while breaching 105.50 followed by 106.00 levels represents the key to turn to rise on the intraday basis.
The expected trading range for today is between 104.60 support and 106.00 resistance
The expected trend for today: Bearish
Origin: Economies
