Morning Report

The USD/JPY pair touched the expected correction at 92.80, as the stochastic entered an overbought area supporting a decline on the intraday basis targeting 91.00. The decline is valid as far as 92.80 remains intact.

The trading range for today is among the key support at 90.00 and the key resistance at 95.10

The general trend is to the downside as far as 102.60 remains intact with targets at 84.95 and 82.60

RecommendationBased on the charts and explanations above, our opinion is selling the pair from 92.80 to 91.45 and stop loss above 93.55 might be appropriate.