The USDJPY pair broke 139.20 level clearly and closed the daily candlestick below it, to activate the correctional bearish scenario and head towards achieving negative targets that start by visiting 138.20.
Therefore, the bearish bias will be expected for today, supported by moving below the EMA50, noting that breaching 139.20 and holding above it will release the price from the current negative pressure to head towards resuming the main bullish trend again.
The expected trading range for today is between 138.40 support and 139.90 resistance
The expected trend for today: Bearish