The USDJPY pair shows more bearish bias to surpass the EMA50 and settles below it, which supports the continuation of our bearish overview efficiently in the upcoming sessions, and the way is open to achieve our main negative target at 103.65.
Holding below 105.20 is important to continue the expected bearish trend, as breaching it will lead the price to achieve new gains that target 106.00 followed by 106.44 levels before any new attempt to decline.
The expected trading range for today is between 103.70 support and 105.00 resistance
The expected trend for today: Bearish