USD/JPY Forecast: Increasing bearish potential

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Oct 8, 2015.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    USD/JPY Current price: 119.92 View Live Chart for the USD/JPY Increasing bearish potential. The USD/JPY pair remains flat, but daily basis, it has posted a lower low at 116.62m whilst the upside remains capped by selling interest around the 120.00 figure. With the pair still within its recent range, the daily chart shows that the bearish potential increases as the price moves further below the 200 DMA, whilst the 100 DMA gains bearish strength above the other. Shorter term, the 1 hour chat

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