The USDJPY pair traded with clear positivity yesterday to test the resistance line that appears on the chart, starting today with bearish bias that hints heading to resume the bearish trend, supported by the negative signal that appears clearly on stochastic, waiting to head towards 106.44 as a first main target.
Therefore, we will keep our bearish overview conditioned by the price stability below 107.68, reminding you that breaking the targeted level will extend the bearish wave to reach 105.20 on the near term basis.
The expected trading range for today is between 106.40 support and 107.70 resistance
The expected trend for today: Bearish