The USDJPY pair shows positive trading today after finding difficulty to break 108.09 level in the previous sessions, to start testing the key resistance 108.55, which urges caution from the upcoming trading, as breaching this level will stop the recently suggested negative scenario and push the price to achieve more gains.
The negative pressure formed by the EMA50 besides stochastic losing the positive momentum form negative factors that support the chances of resuming the bearish trend, which its next main target located at 106.77.
Expected trading range for today is between 107.80 support and 109.16 resistance
Expected trend for today: Bearish