USDJPY 


Recent price action and the USD’s woes continue as the USD/JPY remains under pressure. It was trading below the 50 day MA last Friday and moved on to the downside last week. It is possible to see a bigger fall. Look for a close below 139.50. If it fails then the subsequent support zone is at 137.66. A close above 133.10  would open up next week a move towards 133.10 which is strong support level to watch . The weekly technical indicators all remain positive, but risk is skewed to the downside.


Happy Pips!