The USDJPY pair trading settles below 105.00 barrier, where the price provided some slight positive trading in last Friday, while the EMA50 keeps forming negative pressure on the short and medium term basis, which keeps the bearish trend scenario valid until now.
Holding below 105.95 and 106.63 levels represents an important condition for the continuation of the expected decline, which its next target located at 100.70.
Expected trading range for today is between 103.00 support and 105.50 resistance.
Expected trend for today: Bearish