Currency pair analysis for today, October 22nd: USDJPY

The dollar against the yen pair achieved a strong breach of the 114.10 level, and declined to head towards a possible visit to support the ascending channel around 113.40, so that the bearish bias is likely in the upcoming sessions, regular within the bearish intraday channel that appears on the chart.

 On the other hand, it should be noted that breaching 114.10 will provide a good positive stimulus that supports the chances of resuming the main bullish trend without the need for the expected decline.

 The expected trading range for today: between 113.40 support and 114.50 resistance

 The forecast general trend for today: bearish