USD/JPY exposed to negative pressure again - Technical Analysis - 26-01-2016
USD/JPY gave up ground in the intraday and short term trading, with the overall dominance of the main downward trend in the medium and short terms, with the pair settling below the pivotal resistance of 118.40, trespassing the SMA50, which exposes it to negative pressures anew, along with an influx of negative signals from relative power indicators.
Therefore w expect more losses to come for the pair, targeting the support of 116.65.
Trend
Bearish