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USDJPY Holds Negative Bias, Consolidation To Precede Fresh Attempts Lower

Discussion in 'Technical Analysis' started by Kaitlin, Sep 8, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    The pair consolidates above fresh low at 101.18, reached after strong three-day fall from recent peaks at 104.30/11, where daily cloud capped recovery. Near-term studies turned in full bearish mode while daily technicals are weakening and signal further downside. Daily close below 101.34 (cracked Fibo 61.8% of 99.52/104.30 rally) is[​IMG]

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