USD/JPY tried to correct the main downward short-term trend while trading alongside the downward trend line, bolstered by positive signals in the RSI until it reached overbought levels, with negative pressure from the 50-period SMA in the intraday levels.
We expect the stock to return lower as long as the pivotal resistance of 109.01 holds on, targeting the support of 107.84 anew.
Expected trend for today: Bullish