The (USDJPY) price kept declining in its last intraday trading, to break the key support at 146.00, and settle below it until this moment, as a sign of the strength of the dominant negative momentum, especially with the emergence of the negative signals on the (RSI), which indicates the continuation of the selling pressure.
This decline comes with the price approach from breaking a minor bullish bias on the short-term basis, reinforcing the possibilities for extending the bearish wave, the positive support that comes from the trading above EMA50 remains a factor that limits the current decline, or pushes to a temporary technical rebound before resuming the bearish track.
Origin: Economies
