The USDJPY pair succeeded to achieve our waited targets at 112.96 and 112.46 and presses on the last one now, hinting the price head to achieve more negative targets, as the next station is located at 111.97.
The EMA50 forms negative pressure against the price now, to support the chances of extending the bearish wave on the intraday and short term basis, reminding you that the continuation of the expected decline conditions holding below 113.56.
Expected trading range for today is between 111.70 support and 113.00 resistance
Expected trend for today: Bearish