The USDJPY pair provided clear positive trades yesterday to approach 148.00 barrier, and bounced bearishly to press on the bullish channel’s support line that appears on the chart, noticing that stochastic overlaps negatively to support the chances of breaking this level and open the way to continue the decline, waiting to visit 146.17 as a next main target.
Therefore, the bearish trend scenario will remain suggested, noting that breaching 147.40 will push the price to achieve new gains and test 148.30 areas before any new attempt to decline.
The expected trading range for today is between 146.20 support and 147.60 resistance
The expected trend for today: Bearish
Origin: Economies
