JPYUSD analysis

The dollar against the yen is hovering around the EMA50, and we note that the stochastic indicator is losing its positive momentum, approaching the overbought areas, which supports the chances of continuing the expected bearish trend in the intraday term, waiting for the visit of 107.70 as a first main target.

We note that the continuation of the bearish wave depends on stability below 109.22, where breaching this level represents the key to resuming the main bullish trend again.

The expected trading range for today is between 108.00 support and 109.20 resistance

The expected general trend for today: Bearish