USD/JPY Forecast: More slides below 118.85

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Feb 3, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    USD/JPY Current price: 119.21 View Live Chart for the USD/JPY More slides below 118.85. The USD/JPY pair plummeted as investors seek for safety, with the pair down to 119.02 ahead of the US opening. The bearish tone is quite clear in the short term, given that in the 1 hour chart, the price is currently below the 100 and 20 SMAs, albeit the shortest stands above the largest. In the same chart, the technical indicators have turned sharply lower below their mid-lines, with the RSI indicator

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