Sales dollar / yen are likely to worsen

Drawing attention to the 4 hours chart, you will notice that at the auction on Monday, rates have not been able to make a strong resistance level of 90.40 (moving average with the period 144) and then began selling dollar / yen, which are still going on ...

USD / JPY

Current price level is located below the moving averages with periods of 144, 89, 55 and 34, which represent a series of strong levels of resistance 90.40, 90.70/90 and 91.30/50, respectively.

The MACD histogram is located in the negative zone, began to decline in the near future may cross its signal line downwards, and thereby generate a signal to sell the dollar / yen.

Stochastic Oscillator is in the neutral zone and does not give clear signals, as the% K line merged with the line of% D.

Therefore, as a confirmation that the market would be exacerbated bearish sentiment, it is necessary to wait for clearer signals from the indicators.

Possible objectives of bears are located at 89.20 and 88.70.

Levels of resistance: 90.00/10, 90.40/50, 90.70, 91.00, 91.30/50, 91.80, 92.00/10, 92.30

Current price: 89.94

Support levels: 89.70, 89.50, 89.30, 89.10/00, 88.75, 88.50, 88.10/00