USD/JPY’s Bearish Break – Forex Chart Alert
July 27, 2013 10:06 pm GMT+0 in Chart Alert
USD/JPY, once again, failed to sustain over 100.00 and fell. Not only that but it broke below 98.23 and that casts some bearish shadows for short-term. The questions now are, will the consolidation see some more depths or not and if yes then to what levels? Let’s just see what do the charts say about it.
USD/JPY and 200 day moving average
Longer-term view against 200-day moving average
USD/JPY and retracement levels (weekly chart)
Expected Resistances (4-hourly chart)
Do leave your comments to discuss it further in the comments box below.