The USDJPY pair succeeded to achieve our second waited target at 107.68, opening today with more decline to break this level and settles below it, which supports the expectations of extending the bearish wave on the intraday and short term basis, waiting to visit 106.44 level that represents the next negative station.
Therefore, we will continue to suggest the bearish trend, supported by moving below the EMA50, taking into consideration that breaching 107.68 will push the price to attempt to cover the recent losses and visit 109.20 areas initially.
The expected trading range for today is between 106.44 support and 108.30 resistance
The expected trend for today: Bearish