The USDJPY pair tests the bearish channel’s resistance and attempts to breach it, as it is affected by stochastic positivity, which urges caution from the upcoming trading, as continuing the rise and breaching 131.65 will turn the intraday track to rise, to head towards achieving gains that reach 133.30 mainly.
Now, the bearish trend scenario still active depending on the daily close below the mentioned resistance, waiting to resume the bearish trend that its next main target located at 128.90, noting that breaking 130.45 is required to reinforce the continuation of the bearish wave.
The expected trading range for today is between 130.30 support and 131.90 resistance
The expected trend for today: Bearish