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USDJPY: Remains Weak And Vulnerable On Bear Pressure

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Jan 14, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    USDJPY - remains weak and vulnerable on bear pressure following its loss of upside momentum. On the downside, support comes in at the 117.00 level where a break if seen will aim at the 116.50 level. A cut through here will turn focus to the 116.00 level and possibly lower towards the 115.50 level. Its daily RSI is bearish and pointing lower suggesting further weakness. On the upside, resistance resides at the 118.00 level where a cap may be occur again. Further out, we envisage a possible move

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