The USDJPY pair attempted to breach the bearish channel's resistance but it managed to settle with a daily close below it, which keeps the bearish trend scenario valid until now, waiting to start bearish wave that targets this channel's support initially, located now at 111.90.
Therefore, the bearish trend will remain suggested in the upcoming sessions supported by stochastic negativity, noting that breaching 115.00 level and holding above it will motivate the price to stop the current negative pressure and push trading towards 118.10 level as a first main target.
Expected trading range for today is between 113.00 support and 115.15 resistance.
Expected trend for today: Bearish