The tight range dominates the USDJPY pair’s recent trades, which continues to fluctuate around the EMA50, thus, no change to the bearish trend scenario that depends on the price stability below 106.44, waiting to break 106.00 to confirm rallying towards 105.20 that represents our next main target.
The expected trading range for today is between 105.40 support and 106.60 resistance
The expected trend for today: Bearish