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USD/JPY – Eyeing trend line support

U.S. Dollar / Japanese Yen (FX:USDJPY)  
TipTVFinance  
FX:USDJPY   U.S. Dollar / Japanese Yen
USDJPY trading Currencies Forex
6
0
usdjpy trading currencies forex
Pair’s close below 112.61 on Thursday followed by a failure at 112.95 earlier today and a retreat to 112.15 levels suggests the losses could be extended to 11.60-11.70 (descending trend line support).

The RSI is bearish… pointing downwards. The MACD has turned bearish as well.

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