The USDJPY pair closed last Friday’s trading below 110.38, which supports our expectations of extending the bearish wave on the short term basis, as our next targets located at 109.75 followed by 109.35.
Therefore, we will continue to suggest the bearish trend in the upcoming sessions unless breaching 111.40 level and holing above it.
Expected trading range for today is between 109.75 support and 111.00 resistance
Expected trend for today: Bearish