The USDJPY pair begins today’s trading with strong negativity to break 110.04 level and attempts to hold below it, which puts the price under expected negative pressure on the intraday basis, targeting testing 109.00 areas mainly.
Therefore, the bearish bias will be suggested for today unless the price managed to step above 110.04 level and hold above it again.
Expected trading range for today is between 109.00 support and 110.50 resistance,
Expected trend for today: Bearish