FXStreet (Guatemala) - Valeria Bednarik, chief analyst at FXStreet noted that Technical conditions in USD/JPY. Key Quotes: "The pair maintains a bearish tone, after breaking below a daily ascendant trend line coming from August low, now providing a strong resistance around 121.10. Additionally, the 4 hours chart shows that the price is far below its 100 and 200 SMAs, quite bearish , whilst the technical indicators remain within bearish territory. The RSI indictor is the one leading the way, heading lower around 39, although a break below 120.00 is required to confirm additional falls during the upcoming days." For more information, read our latest forex news.