The USDJPY pair bounced bearishly after testing the EMA50 yesterday, which forms good negative pressure against the price, to resume the expected main bearish trend for the upcoming period, on its way to head towards 103.65 that represents our next main target.
Therefore, the bearish trend scenario will remain valid and active conditioned by the price stability below 105.20.
The expected trading range for today is between 104.00 support and 105.20 resistance
The expected trend for today: Bearish