The USDJPY currency pair embarked on an endeavor to breach the 146.55 threshold in the preceding session; however, this pursuit was met with a robust downward reversal, culminating in the attainment of our initial projected target at 145.75. This level notably served as a steadfast support, a factor that merits recognition. Attention is now focused on the potential breach of this juncture, a development that would effectively corroborate the persistence of the prevailing bearish bias, ushering in a trajectory aimed at the subsequent target of 144.55.
Consequently, the bearish trajectory retains its relevance for the immediate future. It is pertinent to emphasize that surpassing the 146.55 level could serve as a catalyst for disrupting the anticipated decline, redirecting the price towards a resumption of the primary bullish course.
The envisaged trading range for the present day oscillates between the support at 145.40 and the resistance at 146.95.
The expected trend for today remains bearish.