Overview
The USD/JPY pair begins to decline calmly affected by the negative overlapping signal that comes from the stochastic now, which supports continuation of our bearish trend expectations in the upcoming sessions. We wait for breaking 111.00 to open the way for heading to the next correction level at 110.15 as the next main station. The EMA50 keeps pushing negatively on the price to support the negative expectations, and its continuation conditioned by holding below 111.90 level. The expected trading range for today is between 110.50 support and 111.90 resistance.
The material has been provided by InstaForex Company - www.instaforex.com
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