The USDJPY price continues to fluctuate at the key resistance 157.92, and keeps its consolidation below it until now, to keep the correctional bearish trend scenario valid and active, noting that our main waited target is located at 155.75.
Breaking 156.85 will ease the mission to rally towards the suggested target, while breaching 157.92 will stop the expected bearish wave and lead the price to resume the main bullish trend again.
The expected trading range for today is between 156.80 support and 158.40 resistance
Trend forecast: Bearish
