UJ TESTING RESISTANCE BEFORE FURTHER DECLINE

Short

U.S. Dollar / Japanese Yen (OANDA:USDJPY)

OANDA:USDJPY U.S. Dollar / Japanese Yen

supportandresistance fibonacci trendline usdjpy uj yen usd dxy jpy

USDJPY is attempting a recovery but with the medium term up trend broken the broader outlook remains bearish.

Might retest 38.2% fib before a deeper usd sell off against 1H2018s bullish yen

(Charting is a combination of Credit Suisse & Goldman Sachs private analysis)

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