USD/JPY Turns Bearish on H4 Timeframe

Russell Shor, CFTe, MFTA FXCM

The below is the H4 chart of the USDJPY. Further to our previous article, we note that the green 5-period EMA has crossed below the orange 10-period EMA (green ellipse) and the RSI has dipped below 50 (blue rectangle). These are bearish development for this time frame. If the EMAs develop angle and separation it will likely be due to further price weakness. As such, we continue to monitor.

Author

Russell Shor, CFTe, MFTA

FXCM

Russell Shor (MSTA, CFTe, MFTA) has an Honours Degree in Economics from the University of South Africa and holds the coveted Certified Financial Technician and Master of Financial Technical Analysis qualifications from the Interna

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