The USDJPY pair provided additional negative trades in the previous sessions to approach our waited target at 106.44, noticing that stochastic loses its positive momentum clearly, waiting to motivate the price to provide more bearish bias to break the mentioned level and confirm opening the way to head towards 105.20 that represents our next main station.
Therefore, we will continue to suggest the bearish trend for the upcoming period unless the price rallied to breach 107.68 level and hold with a daily close above it.
The expected trading range for today is between 106.00 support and 107.30 resistance
The expected trend for today: Bearish