Down Trend
Prices should stay below (84.70) in order to maintain the bearish outlook.. USDJPY is facing a selling pressure pushing it down as long as it remains below (84.70) any four hours close below (83.75) will open the way for the instrument to test the next support level at (83.20). Any four hours bare close above (84.70) will change instrument`s direction. Traders should consider selling each rally with a stop loss at (84.70).
Currency Daily Profile
Daily 200 SMA 89.97
Daily 100 SMA 88.51
Daily 50 SMA 86.29
Daily Stochastic 28.09
10 Days ATR 0.79
| Resistance | 84.67 | 85.16 | 85.71 | 86.01 | 86.31 |
| Support | 84.05 | 83.75 | 83.20 | 82.90 | 82.90 |
