The USDJPY pair fluctuates around 111.50 level, and the EMA50 forms negative pressure against the price, to protect the recently suggested bearish trend scenario, which depends on the price stability below 112.14.
Therefore, we are waiting for negative trades in the upcoming sessions, reminding you that our main waited target is located at 110.86.
The expected trading range for today is between 110.80 support and 112.14 resistance
The expected trend for today: Bearish