The USDJPY pair resumed its negative trades clearly to start attacking 107.68 level, which supports the continuation of our bearish overview efficiently in the upcoming period, noting that the price closed the daily candlestick below the mentioned level to pave the way to head towards our next negative target at 106.44.
The EMA50 keeps pressing negatively on the price, to continue suggest the bearish trend on the intraday and short term basis conditioned by the price stability below 109.20.
The expected trading range for today is between 106.80 support and 108.60 resistance
The expected trend for today: Bearish