USD/JPY: Technical Analysis - Price may have a Bearish impulse.

U.S. Dollar / Japanese Yen (FX:USDJPY)

Updated

FX:USDJPY U.S. Dollar / Japanese Yen

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USD/JPY is Still inside a downtrend momentum where in the last sessions the price makes a bottom around 127.500 Level. Now the price seems to reject the dynamic trendline we have drawn and a possible new push down in the direction of the primary trend could be likely. If the price will broke the dynamic trendline a possible new bullish impulse may change the direction taken from the beginning of January.

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