The USDJPY pair shows more bearish bias to start testing 107.00 barrier, which supports the continuation of our bearish overview, which targets testing 106.44 level as a next station, noting that the EMA50 forms negative pressure to support the expectations to decline.
Note that breaking the targeted level will extend the bearish wave to reach 105.20 as a next main target, while the expected decline will remain valid unless breaching 107.68 level and holding above it.
The expected trading range for today is between 106.20 support and 107.70 resistance
The expected trend for today: Bearish