The USDJPY pair shows new positive trades to approach testing the key resistance 108.80, noticing that stochastic shows clear overbought signals, which supports the chances of bouncing bearishly to resume the expected bearish trend for the upcoming period, which targets 108.00 level initially.
We remind you that breaking the mentioned level will push the price towards 106.75 as a next main station, while holding below 108.80 represents key condition to continue the suggested decline.
The expected trading range for today is between 107.80 support and 109.10 resistance
The expected trend for today: Bearish