The USDJPY pair managed to break 103.65 level and settles below it now, to activate the bearish trend scenario on the intraday and short term basis, paving the way to achieve new negative targets that start at 103.00 and extend to 102.50.
Therefore, we are waiting for more decline in the upcoming sessions, taking into consideration that failing to consolidate below 103.65 will push the price to start recovery attempts that target testing 104.76 areas initially.
The expected trading range for today is between 102.70 support and 104.00 resistance
The expected trend for today: Bearish