The USDJPY price shows calm negative trades to move away from 148.37 level and reinforce the expectations of continuing the correctional bearish trend on the intraday basis, reminding you that our first target is located at 146.80.

The EMA50 continues to press negatively on the price to support the continuation of the expected bearish trend, which will remain valid unless the price rallied to breach 148.37 and hold with a daily close above it.

The expected trading range for today is between 146.90 support and 148.20 resistance

Trend forecast: Bearish

Origin: Economies

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