The USDJPY pair provided positive trades yesterday to breach 109.44 level and settles above it, which might push the price to test the most important resistance 110.08 before turning back to decline again, noticing that the EMA50 meets the mentioned resistance to add more strength to it, while stochastic shows clear negative signals now.
Therefore, we believe that the chances are valid to resume the correctional bearish trend in the upcoming sessions, which targets 108.80 level as a next main station, which its continuation conditions holding below 110.08.
The expected trading range for today is between 108.80 support and 110.20 resistance
The expected trend for today: Bearish