The USDJPY pair succeeded to achieve our waited target at 124.00 and breached it strongly to reach 125.00 barrier, noticing that the price bounced downwards clearly to start bearish correction for the rise that started from 114.65 areas, as it forms double top pattern now that supports the chances of achieving more decline in the upcoming sessions, expecting to attack 122.62 to open the way to visit 121.10 as a next correctional target.
Therefore, the bearish bias will be expected for today, noting that breaching 124.30 will stop the expected decline and lead the price to resume the bullish track again.
The expected trading range for today is between 122.50 support and 123.80 resistance
The expected trend for today: Bearish
Origin: Economies
