The USDJPY price bounced downwards clearly after the EMA50 formed solid resistance against the price, to force it to decline again and press on the key support 145.36, to hint heading to resume the bearish trend, on its way to achieve negative targets that start at 144.00 and extend to 142.15.
Therefore, the bearish bias will be suggested for today, taking into consideration that failing to confirm breaking 145.36 will lead the price to recover again and target 147.20 followed by 148.53 areas as main positive stations.
The expected trading range for today is between 144.50 support and 146.00 resistance
Trend forecast: Bearish
Origin: Economies
