The USDJPY pair provided clear negative trades yesterday to attack 114.65 level, starting today with additional decline to settle below this level, which hints heading to return to the correctional bearish track, supported by the negative pressure formed by the EMA50.
We prefer to stay aside temporarily until the price confirms its situation according to the mentioned level, noting that consolidating below it will press on the price to head towards 113.60 as a next negative target, while stepping above it will lead the price to resume the main bullish trend and visit 116.35 areas mainly.
The expected trading range for today is between 113.80 support and 115.00 resistance
The expected trend for today: Neutral