Usd/jpy Technicals

Usd/jpy Technicals


Quotes from RBC Capital Markets:
-USD/JPY: Bearish sentiment persists while below 79.12. Last week's bearish trend reversal below 78.32 has maintained downside risks for USD/JPY. Resistance at 78.48 and 79.12 is expected to attract selling interest in this regard for a test of the June low at 77.66. A daily close below this level would add to bearish sentiment, opening up 77.15, followed by 76.04. A daily close above 79.12 is required to nullify our bearish view (would expose 80.09 next).


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