The USDJPY pair opens with a strong negativity to approach from the critical support at 107.70, which requires being aware from the upcoming trading, where the continuation of the decline and breaking this level will stop the suggested positive scenario in our last reports and pushes the price to return to the bearish track.
Until now, the bullish trend remains preferred in the upcoming period, conditioned by holding above 107.70, supported by the EMA50, reminding you that our next main target extend to reach 109.30.
The expected trading range for today is between 107.00 support and 108.70 resistance
The expected trend for today: Bullish