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USD/JPY Forecast: Ready to resume its decline

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Feb 16, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    USD/JPY Current price: 113.80 View Live Chart for the USD/JPY Ready to resume its decline. The USD/JPY pair flirted with the 115.00 figure at the beginning of the day, but resumed its decline as market sentiment flipped. The increasing risk aversion is favoring the safe-haven yen, which trades near a daily low set so far at 113.63.The technical picture favors the downside as in the 1 hour chart, the price has been rejected from a strongly bearish 200 SMA, and is currently nearing the 100 SMA,

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