USDJPY - Intraday - We look to Sell a break
Daily pivot is at 104.00.
Gains continue to attract sellers and follow through bearish momentum resulted in the market posting net losses for 6 successive days.
We can see no technical reason for a change of trend.
We look for losses to be extended today.
Short term MACD is moving lower.
Our profit targets will be 103.43 and 103.21
Resistance: 104.00 / 104.50 / 104.80
Support: 103.80 / 103.50 / 103.20
Daily pivot is at 104.00.
Gains continue to attract sellers and follow through bearish momentum resulted in the market posting net losses for 6 successive days.
We can see no technical reason for a change of trend.
We look for losses to be extended today.
Short term MACD is moving lower.
Our profit targets will be 103.43 and 103.21
Resistance: 104.00 / 104.50 / 104.80
Support: 103.80 / 103.50 / 103.20
