The USDJPY pair provided clear positive trades yesterday to test the key resistance 105.20, but it bounced downwards quickly to settle around 104.50 again, which keeps the bearish trend scenario valid and active for the upcoming period, supported by moving below the EMA50, waiting to visit 103.65 as a next main station.
The EMA50 supports the expected decline, which will remain valid conditioned by the price stability below 105.20.
The expected trading range for today is between 103.70 support and 105.00 resistance
The expected trend for today: Bearish