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USD/JPY Expected trend for today: bearish

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FX_IDC:USDJPY   U.S. Dollar / Japanese Yen
The USD in opposition to the yen managed to the touch the 105.20 degrees and settle there, and we discover that the stochastic index has begun to lose a constructive momentum, ready for a damaging momentum that contributes to pushing the value to interrupt the talked about the degree and opening the best way for the descending wave extension within the quick time period, the place our subsequent goal is situated at 103.65.
Consequently, the bearish pattern state of affairs will stay doubtless for the upcoming interval, noting that failure to attain a breakout might push the value to check 106.00 ranges and it might prolong to 106.44 earlier than any new try to say no.
The anticipated buying and selling vary for as we speak is between 104.60 help and 106.00 resistance.

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