USD/JPY is under pressure as the bullish rally starts to decelerate. The bears are in the market and eye a correction that targets the trendline supports as the following will illustrate. {chart} The weekly charts show that the price was capped last week and has since deteriorated. The wick on the last week´s candle could be filled this week as follows: {chart} This leaves a bearish bias for the days ahead and the daily chart sees the price sandwiched between the support and the resistance line, currently. {chart} The Bears are flexing but need to do more. On the 4-hour chart, we can see prospects of a correction of ... (full story)