the daily chartist

Buck moving lower against the Yen

published 3 years ago
USD/JPY Daily

 With Yesterday's lower USD against the Yen, the price met resistance on the bottom uptrend line which proved strong on the level 110.761. The candle made a rapid pullback, leaving a big shadow, indicating that Bears are losing their determination. USD today is also under pressure and it is making a new move on the bottom trend line. If successful, there will be another attempt on 110.761 will be made. Stoch and CCI are not yet in oversold territory.