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USD/JPY Forecast: Consolidating near the recent lows

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Dec 21, 2015.

  1. Sandra S.

    Sandra S. Forum Member

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    USD/JPY Current price: 121.29 View Live Chart for the USD/JPY Consolidating near the recent lows. The USD/JPY pair consolidates near its recent lows, achieved after BOJ's announcement to change its facilities programs. The pair is holding around its 100 DMA, but the technical stance is bearish in the longer term, as the recent failure to advance beyond 123.00 and the following slump, point for a downward continuation. Shorter term, and according to the 1 hour chart, the downside is also

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