The USDJPY pair resumed its negative trades yesterday to surpass the EMA50 and settles below it, which supports the continuation of our bearish overview in the upcoming sessions, paving the way to achieve our negative targets that start at 107.68 and extend to 106.44.
Stochastic provides negative signals that support the chances of achieving the suggested targets, reminding you that the continuation of the expected decline conditions holding below 109.20.
The expected trading range for today is between 107.40 support and 109.00 resistance
The expected trend for today: Bearish