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Latest Analysis

Technical Analysis – Have USDJPY bulls lost the game?

USDJPY finds support near 158.00 after rapid downfall Short-term risk remains in the bearish zone; eyes on 155.00 level US retail sales due for release at 12:30 GMT   USDJPY set a strong foothold near its 50-day simple moving average at 157.90 after last week’s brutal exit out of the 161.00 territory. Note that the pair made a double top pattern near its 38-year high of 161.94 before descending, which typically indicates a bearish continuation.
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