The USDJPY pair managed to reach few pips away from our waited positive target at 145.90, and starts to provide bearish rebound signals that might push the price to build bearish wave on the intraday basis, affected by stochastic negativity, but it gets positive support by the EMA50 that might assist to achieve new gains in the upcoming period.
Therefore, we prefer to stay aside until we get clearer signal for the next trend, noting that continuing the decline and breaking 144.85 will push the price to achieve negative targets that start at 143.45 and extend to 142.35 after breaking the previous level, while breaching the resistance represents positive factor that will push the price to attempt to regain the main bullish trend again, to achieve gains that start at 147.10.
The expected trading range for today is between 144.50 support and 146.30 resistance
The expected trend for today: Neutral
Origin: Economies
