The USDJPY pair managed to break 109.44 level and hold below it again, reinforcing the expectations of continuing the expected correctional bearish trend on the intraday basis, reminding you that our next target is located at 108.80.
In general, we will keep our bearish overview unless breaching 110.08 and hold above it, noting that surpassing the targeted level will extend the bearish wave to reach 108.00 as a next main station.
The expected trading range for today is between 108.60 support and 109.80 resistance
The expected trend for today: Bearish