Interesting area for USDJPY

4 thg 8, 2016

Well, Im still bearish on JPY pairs (GJ, EJ, UJ). Price is working it's way through the STRONG support/resistance at 101.30-100-632. MACD shows continued bearish momentum on daily, weekly, and monthly. Overall trend from 1h up to monthly is continued bearish with no clear signal for reversal at this time. Will continue to short EJ, GJ, UJ pairs unles support holds. In this case, a Long will be entered until at least 125 area (or appropriate).