The USDJPY pair rebounds downwards clearly after testing 145.90 in the previous sessions, to start pressing on the key support 144.85, and as we mentioned yesterday, breaking this level will activate the negative scenario to push the price towards achieving negative targets that reach 143.45 followed by 142.35.
Therefore, we expect to witness more decline in the upcoming sessions, noting that breaching 145.90 will stop the expected bearish trend and lead the price to return to the main bullish track again.
The expected trading range for today is between 144.00 support and 145.50 resistance
The expected trend for today: Bearish
Origin: Economies
