USDJPY has now failed 3 times to close below key support at around 141.70 and could be set for a minor rebound possibly up to the 0.618 retracement at 144.44 or 0.786 retracement at 145.38. However, the trend is still bearish and will remain so until USDJPY is breaking above 146.60. The declining 55 and 100 Daily Moving Averages are indicating underlying bearish trend and are adding to the overhead resistance RSI is also in negative sentiment and with no divergence indicating USDJPY could resume downtrend a make new low below 141.70. If USDJPY does in fact close below 141.70 a push towards 138 level would be in the ... (full story)