traderpulse

USD/JPY Technical analysis

Short
FX:USDJPY   U.S. Dollar / Japanese Yen
The Japanese central bank meeting has brought a halt to the rally in the counter.
Technically, the pair has broken its bullish trendline.
It also failed to hold the breakout of a critical resistance of 111.805.
So, the resistance is back into play and the broken trendline will add to the woes of the bulls.
Hence, we expect the pair to be bearish and move to the support levels at 110.873.