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Back Technical analysis
USD/JPY: Price Analysis and Forecast. Bears Trading the Japanese Yen Show Indecision
The intraday drop below the round
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The intraday drop below the round level of 156.00 and the 100-hour and 200-hour simple moving averages (SMA) confirms the possibility of further declines amid negative oscillators on the hourly chart. However, on the daily chart, the oscillators remain in positive territory, suggesting that a further decline may attract buyers near the round level of 155.00. It is also important to note that the relative strength index is close to neutral, indicating weakness among bulls.Further selling below the psychological level
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Irina Yanina,
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