The USDJPY currency pair is looking increasingly bearish.
There was a small bearish divergence between price and the MACD before a break of support occurred at the 110.000 level.
The 3 EMAs briefly went into a bullish sequence but is back in a bearish order with the 50-day EMA below the 100-day EMA which itself is below the 200-day EMA.
The Slow Stochastic is also indicating weakness in price strength.
With all of these bearish signals lining up, we see this as a sell.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.