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novvoll12 novvoll12 USDJPY, 240, Short ,
USDJPY: USDJPY – Intraday bearish and oversold – Posts new YTD lows
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USDJPY, 240 Short
USDJPY – Intraday bearish and oversold – Posts new YTD lows

USDJPY@ 106.50 – Intraday bearish and oversold – Posts new YTD lows USDJPY reversed sharply lower from the 111.88 area (April 24, 2016) to post series of lower highs and new YTD lows. The pair is testing the 38.2% key retracement area of the 77.13/125.85 upswing (September 2012 monthly higher low/June 2015 monthly high). The oversold condition warns of pullbacks. ...

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