The USDJPY pair bounced downwards clearly after testing 133.30 level in the previous sessions, to resume the expected bearish trend on the intraday and short term basis, which targets 131.60 followed by 130.40 levels as next main stations.
The price needs to surpass the solid support base formed by the EMA50 now at 132.50 to reinforce the expectations of continuing the bearish trend followed by rallying towards the suggested targets.
The expected trading range for today is between 131.60 support and 133.30 resistance
The expected trend for today: Bearish