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Japanese Yen short-term price outlook: USD/JPY bears look to reassert
The Japanese Yen turned from a key pivot zone we’ve been tracking for weeks now with USD/JPY threatening a deeper correction in the days ahead. Although the broader outlook remains constructive, a short-term downtrend is in focus and we’re looking to validate a low in the days ahead. These are the updated targets and invalidation levels that matter on the USD/JPY short-term technical charts. Discussing this USD/JPY price setup and more in the Weekly Strategy Webinars on Monday’s at 8:30am EST. chart Technical Outlook: In last month’s Japanese Yen short-term outlook we noted that USD/JPY was approaching, ... (full story)