USD / JPY: Daily schedule - downtrend
Increasingly lower tops and bottoms, the price remains below the horizontal resistance and below the 50MA
Price action: fake drilling horizontal and 50MA, the new bull bar can not close above the peak of the previous bearish bar - a negative signal.
indicators:
50/200 MA: price below 50MA, 200 over 50 - a negative signal
DeM (14): In the area of over-bought market - probably turning the price downwards
CCI (50) remains below 0 - negative signal
SL: 106.121 - Small SL because of the upcoming meeting of the BoJ monetary policy in Friday
Sentiment: Sentiment for the dollar remains rather negative after the Fed left interest rates unchanged.
Alternative scenario: If the price crosses above the horizontal resistance is possible renewed increases in price.
Jr_Trader_I_Ivanov
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