30 Jan 2015
USD/JPY pressuring the bottom of its range – FXStreet
FXStreet (Barcelona) - Valeria Bednarik, Chief Analyst at FXStreet, comments that USD/JPY is pressuring lower into its range, with hourly technicals suggesting that the pair is gaining bearish momentum.
Key Quotes
“The USD/JPY pressures the bottom of its range, accelerating below its moving averages in the hourly chart, and with indicators gaining bearish strength below their midlines, keeping the risk to the downside.”
“Stocks pointing for a negative opening are weighting on the pair that anyway needs to break below the 117.00 figure to confirm a bearish continuation.”
“In the 4 hours chart, the overall tone is mild bearish, with the price below moving averages and indicators gaining bearish slope around their midlines.”
Key Quotes
“The USD/JPY pressures the bottom of its range, accelerating below its moving averages in the hourly chart, and with indicators gaining bearish strength below their midlines, keeping the risk to the downside.”
“Stocks pointing for a negative opening are weighting on the pair that anyway needs to break below the 117.00 figure to confirm a bearish continuation.”
“In the 4 hours chart, the overall tone is mild bearish, with the price below moving averages and indicators gaining bearish slope around their midlines.”