The USDJPY pair rallied upwards again to succeed touching our waited target at 109.22, facing solid resistance there that might force the price to rebound bearishly and start intraday bearish wave.
Therefore, we prefer staying aside temporarily until we get clearer signal for the next trend, noting that breaking 108.85 will confirm the continuation of the decline and start bearish correction that targets 107.90 areas mainly, while breaching 109.22 represents the key to achieve new gains that reach 109.85 followed by 110.30.
The expected trading range for today is between 108.50 support and 109.85 resistance
The expected trend for today: Bullish