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USDJPY - Quick Reversal From 112.20 Barrier Keeps Downside Pressured

Discussion in 'Technical Analysis' started by Kaitlin, Mar 22, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    Downside remains at risk after two-day recovery from 110.65 low was capped by initial resistance, Fibo 38.2% of 114.53/110.65 downleg at 112.19 today. Subsequent weakness dipped to 111.36, session low, signaling limited upside action and maintain downside pressure. Near-term technicals remain weak, while bearish setup of daily MA's and indicators[​IMG]

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