The USDJPY pair traded with clear negativity yesterday after it managed to break 110.00 level and holding below it, which supports the continuation of our bearish trend expectations efficiently in the upcoming sessions, and the way is open for heading to our next main target at 109.00, reminding you that breaking this level will push the price to 106.63 on the near term basis.
Therefore, we will keep preferring the bearish trend unless breaching 111.30 level and holding with a daily close above it.
Expected trading range for today is between 108.00 support and 110.00 resistance.
Expected trend for today: Bearish