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USDJPY In Narrow Consolidation After Friday's Sharp Fall, Focus Turns Towards Psychological...

Discussion in 'Technical Analysis' started by Kaitlin, Aug 1, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    The pair trades in narrow consolidation above fresh low at 101.96, posted after Friday’s sharp bearish acceleration. Long red daily weekly candles generate strong bearish signal, as red monthly candle with long upper shadow suggests persisting downside pressure, on consolidation attempts of multi-month descend from 125.74 (2015peak) that so[​IMG]

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