The USDJPY pair achieved some bullish moves yesterday after approaching from 109.00 barrier, noticing that the EMA50 keeps pushing negatively on the price, while stochastic losses its bullish momentum clearly to reach the overbought levels.
Therefore, these factors encourage us to keep preferring the overall bearish trend, and its next main target at 106.63, while achieving it conditioned by holding below 111.25 level.
Expected trading range for today is between 108.50 support and 110.50 resistance.
Expected trend for today: Bearish