The dollar versus yen provided additional negative trades in the previous sessions to approach our awaited target at 106.44, and we notice that the stochastic is losing its positive momentum significantly, pending Stimulating the price to provide more bearish tendency to breach the mentioned level and confirm opening the way towards heading towards 105.20 which represents our next main station.
Consequently, we continue to favor the bearish trend for the next period unless the price rushes to breach the 107.68 level and stability with daily closing above it.
The expected trading range for today is between 106.00 support and 107.30 resistance
Expected trend for today: Down
