USD/JPY Forecast. The price tests the resistance – ForexNews.PRO
The USDJPY price traded with clear positivity yesterday to reach the key resistance 150.20, and as we mentioned in our last report, holding below this level keeps the correctional bearish scenario valid, waiting to visit 148.16 mainly.
The EMA50 keeps pressing negatively on the price to support the expectations to decline, reminding you that breaching 150.20 will stop the bearish wave and push the price to turn to rise.
The expected trading range for today is between 148.80 support and 150.20 resistance
Trend forecast: Bearish
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