The USDJPY pair traded negatively yesterday to touch 108.35 level, showing some slight bullish bias now, noticing that the EMA50 continues to press negatively on the price, to remain stable inside the bearish channel that appears on the chart.
Therefore, our bearish overview will remain valid and active for today unless the price rallied to breach 109.22 level and holding above it, reminding you that our main waited target is located at 107.70.
The expected trading range for today is between 107.90 support and 109.00 resistance
The expected trend for today: Bearish