FXstreet.com (Barcelona) - The Yen continues in its downward path against the Dollar, according to the ActionForex.com Technical team: USD/JPY's fall from 111.21 continues today. Outlook remains unchanged. With 4 hours MACD dipped below signal line, intraday outlook is turned neutral for the moment. Break of 109.46 support will indicate that rebound from 107.21 has completed and bring retest of this low. On the upside, the ActionForecx.com team affirms: Even though further rise cannot be ruled out as long as 109.46 support holds, upside is expected to be limited by 111.76 resistance and bring another fall.
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