The USDJPY pair provided clear positive trades yesterday but it stopped at the EMA50 that formed good resistance barrier against the price, to start bouncing bearishly by today’s opening, which keeps the main bearish trend valid until now, supported by stochastic negativity, waiting to surpass 105.05 level to open the way to head towards 104.00 as a next target.
We remind you that the continuation of the suggested bearish wave requires holding below 106.70.
The expected trading range for today is between 104.80 support and 106.20 resistance
The expected trend for today: Bearish