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USD/JPY Forecast: More losses expected below 121.00

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Dec 10, 2015.

  1. Sandra S.

    Sandra S. Forum Member

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    USD/JPY Current price: 121.42 View Live Chart for the USD/JPY More losses expected below 121.00. The USD/JPY has tried to recover some of the ground lost earlier this week, but failed to do so and maintains a clear bearish tone, with sellers now surging on approaches to the 122.00 level. From a technical point of view, the 1 hour chart shows that the price is well below the 100 and 200 SMAs, with the shortest accelerating lower below the largest, whilst the technical indicators

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