Overview
The USDJPY pair showed bullish bias on last Friday affected by stochastic positivity, but it is still below the 102.27 barrier. This keeps the bearish trend scenario valid for the upcoming period. The price needs to break 100.70 levels to confirm the continuation of the bearish wave towards the 94.76 level. The EMA50 supports the continuation of trading inside the bearish channel shown on the chart; thus, we still expect the bearish trend on the intraday and short-term bases. Remember that it is important to hold below 102.27 to continue the suggested decline. The expected trading range for today is between the 100.70 support and the 103.00 resistance.
