The tight range keeps dominating the USDJPY pair’s trading, falling under continuous negative pressure coming by the EMA50, which keeps the bearish trend scenario valid as it is without any change, which targets testing 106.44 as a next station, reminding you that breaking this level will push the price to 105.20 as a next negative target, while holding below 107.68 represents key condition to continue the suggested decline.
The expected trading range for today is between 106.00 support and 107.50 resistance
The expected trend for today: Bearish