The USDJPY pair traded with strong negativity yesterday to break 105.20 level and succeeds achieving the first waited negative target at 104.45, showing some bullish bias now affected by stochastic positivity, and it might retest the broken support before resuming the bearish trend again.
In general, we expect the continuation of the bearish trend domination on the upcoming trading as long as 105.20 level remains intact, supported by the negative pressure formed by the EMA50, noting that our next target is located at 103.65.
The expected trading range for today is between 103.90 support and 105.20 resistance
The expected trend for today: Bearish