The USDJPY pair broke 114.50 level strongly to touch the expected negative target at 113.60 direct, opening the way to continue the bearish correction, noting that breaking the last level will push the price to 112.75 as a next negative station.
Therefore, the bearish bias will be expected in the upcoming sessions, taking into consideration that failing to break 113.60 will lead the price to start recovery attempts and test 114.65 areas initially.
The expected trading range for today is between 113.00 support and 114.40 resistance
The expected trend for today: Bearish
Credit: www.economies.com – Source link