The USDJPY pair shows some slight bullish bias after finding solid support at 108.00 barrier, and we still waiting to break this level to confirm the continuation of the bearish trend on the short term basis, noticing that stochastic provides clear negative signals that support the chances of achieving the required break followed by rallying towards our next main target that reaches 106.75.
In general, we will continue to suggest the bearish trend in the upcoming sessions conditioned by the price stability below 108.80.
The expected trading range for today is between 107.40 support and 108.80 resistance
The expected trend for today: Bearish