USD/JPY keeps falling. - Technical Analysis. - 12-01-2016
USD/JPY kept falling in the intraday levels and short-term trading, with the overall guidance of the main downward trend in the medium and short terms, and with the pair trading along the downward trend line in the short term, with negative pressure from the simple moving average for the period 50, and with relative power indicators venting off the oversold saturation that was previously apparent in a way that is contradictory to the price's upward trend, which signals more losses to come for the pair, especially with an influx of negative signals from the technical indicators.
Therefore we expect the pair to decline in the coming trading, targeting the support of 116.15.
Trend
Bearish