The USDJPY pair stopped at the EMA50 that formed good resistance against the last bullish bias, and that makes the price begin to bounce lower as a signal for resuming the main bearish trend, supported by the negative signal that comes from stochastic now.
Therefore, the bearish trend will remain the dominant in the upcoming sessions, and its targets begin by breaking 109.00 to ease the price mission to head towards our next main target at 106.63, being aware that the continuation of the bearish wave depends on the stability below 111.15 level.
Expected trading range for today is between 108.50 support and 110.50 resistance.
Expected trend for today: Bearish