The USDJPY price rallied upwards yesterday to breach 147.10 level and approach the key resistance 148.37, noticing that the price rebound bearishly from there to head towards resuming the bearish correction on the intraday basis, supported by the negative pressure formed by the EMA50, waiting to test 146.80 to open the way to head towards the next correctional level at 145.60.
On the other hand, we should note that breaching 148.37 will stop the negative scenario and push the price to recover and attempt to regain the main bullish trend again.
The expected trading range for today is between 146.60 support and 148.00 resistance
Trend forecast: Overall bearish
Origin: Economies
