The USDJPY pair is currently undergoing a calm descent, with prices hovering around 148.50. This decline is occurring under the influence of negative pressure stemming from the EMA50, which bolsters the likelihood of a continued bearish trend in the foreseeable future. It’s worth noting that our next target resides at 147.30.
In light of these developments, the bearish scenario remains the prevailing outlook on an intraday basis, contingent upon the price’s ability to maintain stability below 149.00. A breach of this level would indicate a potential return to the primary bullish trajectory.
Traders should consider a trading range with support at 147.70 and resistance at 149.10. The anticipated trend for today is bearish, given the current conditions and technical indicators.