The USDJPY currency pair is looking increasingly bearish.

There was a small bearish divergence between price and the MACD before a break of support occurred at the 110.000 level.

The 3 EMAs briefly went into a bullish sequence but is back in a bearish order with the 50-day EMA below the 100-day EMA which itself is below the 200-day EMA.

The Slow Stochastic is also indicating weakness in price strength.

With all of these bearish signals lining up, we see this as a sell.
ForexTechnical IndicatorsTrend AnalysisUSDJPYusdjpyshort

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