The USDJPY pair shows calm negative trading approaching from 110.00 barrier, waiting for breaking this level to confirm the continuation of the bearish wave that targets 109.00 then 106.63 levels as next main stations.
In general, the bearish trend scenario remains valid and organized within the bearish channel that appears in the image, supported by the negative pressure that forms by the EMA50, being aware that breaching 111.35 will stop the current negative pressure and pushes the price to test 113.97 levels mainly.
Expected trading range for today is between 109.00 support and 111.00 resistance.
Expected trend for today: Bearish