The USDJPY pair shows new negative trades by today’s open to reach the thresholds of the waited target at 103.65, falling under continuous negative pressure coming by the EMA50, which supports the chances of breaking the mentioned level and open the way to extend the bearish wave on the intraday and short term basis, reminding you that the next target reaches 103.00.
Note that the continuation of the expected bearish trend requires holding below 104.50.
The expected trading range for today is between 103.20 support and 104.50 resistance
The expected trend for today: Bearish