The USD/JPY pair is currently exhibiting a modest bullish inclination, influenced by the positive momentum observed in the stochastic indicator. However, it is noteworthy that the EMA50 exerts downward pressure on the price, hinting at a potential continuation of the anticipated bearish trend on an intraday basis, with the next key target set at 139.45.
It is essential to remain vigilant, as a breach above 142.35 could disrupt the anticipated bearish wave, prompting a potential shift towards an upward trajectory.
The projected trading range for the current session is expected to fluctuate between the support level at 140.70 and the resistance level at 142.20.
Today’s anticipated trend: Bearish