The USDJPY pair provided positive trades on last Friday but it closed the daily candlestick below 113.07 level, to keep the correctional bearish trend active, waiting to test 112.30 that represents 50% Fibonacci correction level, which breaking it represents the key to rally towards 111.55 direct.
Therefore, we expect to witness more decline today conditioned by the price stability below 113.07.
The expected trading range for today is between 112.30 support and 113.60 resistance
The expected trend for today: Bearish
Credit: www.economies.com – Source link