USD/JPY Remains On The Back Foot

Discussion in 'Technical Analysis' started by Kaitlin, Aug 9, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    The recent rebound from the 50% Fibo keeps suggesting that a short-term recovery towards the current descending channel's resistance line is likely to take place. On the other hand, daily technical indicators imply the USD/JPY currency pair is to sustain a loss today, with the weekly PP at 101.76 acting[​IMG]

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