The USDJPY pair settles around the EMA50, and stochastic begins to provide negative signals that we are waiting to motivate the price to resume the bearish bias, which targets testing 114.65 mainly.
Therefore, we will continue to suggest the bearish trend on the intraday basis, noting that breaching 115.85 followed by 116.35 levels will stop the expected decline and lead the price to resume the main bullish trend again.
The expected trading range for today is between 114.65 support and 115.85 resistance
The expected trend for today: Bearish