Overview
Positive attempts of the USDJPY pair stopped yesterday at 102.45 making the price bounce lower and close the daily candlestick below the 102.00 barrier. This supports the chances for resuming the overall bearish trend, which targets begin at a break of 100.70 levels, confirming the extension of the bearish correctional wave to 96.76 on the medium-term basis. Therefore, we still expect the bearish trend for the upcoming period supported by the EMA50. We remind you that holding below 103.80 represents an important condition for the continuation of the suggested negative scenario. The expected trading range for today is between the 100.00 support and the 103.00 resistance.
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