The USDJPY pair broke 108.40 level strongly and settled below it, which supports the continuation of our bearish overview efficiently in the upcoming period, and the way is open to head towards our next target at 107.45.
Therefore, we are waiting for more decline today, supported by the EMA50, noting that breaching 108.40 will stop the suggested decline and push the price to achieve intraday gains that start by testing 109.33 level.
The expected trading range for today is between 107.45 support and 108.80 resistance
The expected trend for today: Bearish