The USD/JPY pair has successfully broken the key support level at 142.76, concluding the daily session below this level. This development reinforces the prevailing bearish trend in the short-term and intraday, potentially guiding the pair towards the next target at 140.65.
The EMA50 (Exponential Moving Average with a 50-period setting) continues to exert consistent downward pressure on the price, further supporting the anticipated decline. The bearish outlook will remain valid as long as the price maintains stability below the 142.76 level.
The expected trading range for the current session is projected to be between the support at 141.60 and resistance at 143.20.
Expected Trend for Today: Bearish