USD/JPY Intraday Outlook Bearish After Breaching Key Support — Market Talk

0144 GMT [Dow Jones] USD/JPY Intraday: Capped by a declining trend line. The pair eventually breached the key support at 100.75 turning the intraday outlook bearish. At the same time it is capped by a bearish trend line drawn from July 6. As long as the bearish trend line and the key resistance at 101.20 (around yesterday’s high) restrict the pair’s upside, the intraday outlook remains bearish and a return to 100.20 (around the low of July 6) is expected. [This piece contains the opinions of Trading Central and does not constitute personalized investment advice or form part of any invitation or inducement to buy or sell any security. The author has been prohibited by Trading Central from purchasing or otherwise directly or indirectly acquiring any direct or indirect beneficial ownership of any instruments or markets for which Trading Central or its affiliates issues recommendations. To read more, visit bit.ly/1MehCU9] (analysts[a]tradingcentral.com)

 
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