The USDJPY price trades with clear negativity by today’s open to break 153.75 and attempt to hold below it, to exit the sideways range and head towards achieving more bearish correction, targeting 152.55 as a next station, noting that breaking this level will extend the bearish wave to reach 151.05 as a next main target.
The negative pressure formed by the EMA50 supports the expected bearish trend, which will remain valid conditioned by the price stability below 153.75.
The expected trading range for today is between 152.50 support and 154.00 resistance
Trend forecast: Bearish
