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USDJPY






1/14/2015 1:24:35 AM

USDJPY - Technical Analysis: Wednesday, 14/01/2015 06:24 GMT



Negative pressure that puts the price below 23.6% Fibonacci level, and the bearish correctional trend is reactivated again.

Negative signals from stochastic and the bears’ power indicator, besides the exponential moving average 50 that pushes the price downwards.

We need to monitor the price carefully when reaching 115.50, as breaking this level will extend the bearish correction towards 113.50.


Target
Risk


Support
Resistance


Trend Bearish

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