The USDJPY pair provided temporary positive trades yesterday to test the EMA50, noticing that the price moves inside an intraday bearish channel that supports the expectations of continuing the bearish trend in the upcoming sessions, waiting for more decline on the intraday and short term basis.
Our main expected target reaches 107.70, while achieving it requires holding below 109.22.
The expected trading range for today is between 108.00 support and 109.20 resistance
The expected trend for today: Bearish