The USDJPY pair provided positive trading yesterday to retest the previously broken support of the bullish channel as appears on chart, which hints heading to resume the bearish bias in the upcoming period, which is considered as a bearish correction for the bullish wave measured from 101.17 to 113.88.
Therefore, the bearish bias will remain suggested on the intraday and short term basis unless the price managed to breach 112.78 and the most important 113.88 levels, noting that the correctional targets start at 110.88 and extend to 109.05 after breaking the previous level.
Expected trading range for today is between 110.88 support and 113.00 resistance.
Expected trend for today: Bearish