Dollar yen looking bearish on daily chart

http://youtu.be/lOS0AagZtMg

Following several weeks of sideways consolidation in a narrow range, the currency pair finally broke out yesterday, moving below the platform of support which has now become resistance to any future retracement, and now looks set to move lower. In this video I look at the key technical issues for the USD/JPY pair which now looks increasingly bearish, assuming that the Bank of Japan does not intervene which is always the big unknown when trading this pair.

 

About Anna 1036 Articles
Hi – my name is Anna Coulling and I am a full time currency, commodities and equities trader. I have been involved in both trading and investing for over fifteen years and have traded many different financial instruments, from options and futures to stocks and commodities. I write and publish articles ( mostly for free ) for UK and international publications on a wide variety of financial issues, and in particular I enjoy helping others learn how to invest and trade.

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