The USDJPY pair touched 108.80 level and bounced bearishly from there, to keep the bearish trend valid until now, expecting the continuation of the bearish bias to test 108.00 as a next main station.
The EMA50 presses negatively on the price to support the expectations to decline, reminding you that breaking the targeted level will push the price towards 106.75 on the near term basis, while the expected decline will remain valid conditioned by the price stability below 108.80.
The expected trading range for today is between 107.70 support and 109.00 resistance
The expected trend for today: Bearish