USD/JPY closed higher on Tuesday and the low-range close sets the stage for a steady to lower opening on Wednesday. Stochastics and the RSI remain neutral to bearish signalling that sideways to lower prices are possible near-term. If it extends the decline off October's high, October's low crossing is the next downside target. Closes above the 20-day moving average crossing would temper the near-term friendly outlook in the market.
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