The USDJPY pair provided temporary positive trades yesterday and attempted to breach 103.65, but we notice that the EMA50 formed solid resistance against the price, to rebound bearishly and settle below the mentioned level again, which keeps our bearish overview valid and active for the upcoming period, which targets 103.00 followed by 102.50 levels as next main stations.
In general, we will continue to suggest the bearish trend unless breaching 103.65 level and holding above it.
The expected trading range for today is between 102.50 support and 103.80 resistance
The expected trend for today: Bearish