SHORT DESCRIPTION :
Because еhe USD/JPY has traded below the 10-Week period Simple Moving Avarage and the Commodity Channel Index 20 Periode that is still below the -100 level, no doubt that the USD is still in the Bearish situation. If next week the pair can break out and close below the 75.69 level then the 73.96 will be the next target; however, please pay attention to the divergence that occurs between the price and the Commodity Channel Index periode 20 indicators (red: Magenta Lines); if the next week the pair can pass the 77.10 it will hold the Bearish pressure from the downpressure at least temporarily and the 77.69 will be the next target for this currency.
