The USDJPY pair could not manage to hold for long time above 105.20 level, to break it and settle below it again, which reactivate the bearish trend scenario again, on its way to head towards 103.65 as a main negative target.
Breaking 104.80 will ease the mission of achieving the mentioned target, while the expected decline will remain valid unless breaching 105.20 level and holding above it.
The expected trading range for today is between 104.00 support and 105.50 resistance
The expected trend for today: Bearish