The USDJPY pair traded with strong negativity yesterday to surpass our first target at 131.20 and approach the second waited target at 130.30, showing some bullish bias affected by the positivity of the technical indicators, while we suggest resuming the bearish bias to surpass the last level and open the way to head towards 128.90 as a next main target.
Therefore, the bearish trend scenario will remain valid and active on the intraday basis, noting that breaching 131.65 might push the price to test 133.30 before any new attempt to decline.
The expected trading range for today is between 130.00 support and 131.90 resistance
The expected trend for today: Bearish