The
USDJPY
currency pair is looking increasingly bearish.
There was a small bearish divergence between price and the MACD before a break of support occurred at the 110.000 level.
The 3 EMAs briefly went into a bullish sequence but is back in a bearish order with the 50-day EMA below the 100-day EMA which itself is below the 200-day EMA.
The Slow Stochastic is also indicating weakness in price strength.
With all of these bearish signals lining up, we see this as a sell.
USDJPY
currency pair is looking increasingly bearish. There was a small bearish divergence between price and the MACD before a break of support occurred at the 110.000 level.
The 3 EMAs briefly went into a bullish sequence but is back in a bearish order with the 50-day EMA below the 100-day EMA which itself is below the 200-day EMA.
The Slow Stochastic is also indicating weakness in price strength.
With all of these bearish signals lining up, we see this as a sell.