The USDJPY pair continues to test 106.44 level and keeps its stability below it, which keeps our bearish overview valid on the intraday and short term basis, waiting to get negative motive that assists to push the price to resume the bearish trend that its next main target located at 105.20.
We need to take into consideration that failing to consolidate below 106.44 and breaching it and settling with a daily close above it will stop the expectations to decline and leads the price to turn to rise.
The expected trading range for today is between 105.50 support and 106.70 resistance
The expected trend for today: Bearish