USD/JPY Remains Capped by a Declining Trend Line — Forecast

In this video, the Trading Central looks at the currency pair USD/JPY for the February 27th session.

USD/JPY — Looking at the intraday 30-min chart, the pair indeed remains under bearish pressure. We also see a bearish flag pattern on this chart. The pair remains capped by a declining trendline in place, since last Wednesday. We also notice that the intraday RSI indicator is also capped by a declining trendline. Further weakness is expected below the resistance at 112.50. The first target is set at 112.90. The next target is set at 111.60.

Feed enhanced by Better Feed from Ozh

Trade Forex, Commodities, Stocks and more, trade CFDs on the Plus 500 CFD trading platform! *CFD Service. 80.6% lose money - Register a real money account here and get trading right away.

Disclaimer: Please note all prices are for information only, they should not be relied upon for accuracy or trading. All prices quotes are based on CFD prices and are similar though not always identical to real exchange prices. STOCKTRKR or anybody connected with STOCKTRKR will not accept any liability for loss or damage arising from use of any information/commentary/charts or articles which is provided 'as is' for educational purposes only, nothing contained on this website should be considered as investment advice - please seek proper investment advice from registered financial broker or institution if you wish to trade on global markets and ensure you are familiar with the risks.