The USDJPY pair shows sideways trades and settles around the EMA50, and as long as the price is below 106.44, our bearish overview will remain valid for the upcoming period, as breaching this level will push the price to recover and achieve gains on the intraday basis, while the price needs to break 106.00 to ease the mission of heading towards our main waited target at 105.20.
The expected trading range for today is between 105.40 support and 106.60 resistance
The expected trend for today: Bearish