USDJPY Weekly (22/2014) Chart Technical Analysis

FX:USDJPY   U.S. Dollar / Japanese Yen
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The USDJPY weekly chart shows the following signs:

The pair is under the Tenkan Sen and the Tenkan Sen has cross down the Kijun Sen but all of them are over the KUMO. So we have a weak short sign here and we will wait to see strategic is the most appropriate. At 10/2013 we had the same situation as you can see in the diagram.

If next week the pair crosses over the Tenkan & Kijun Sen this will be bullish sign otherwise we will observe the behavior in accordance with the KUMO.

RSI is neutral but MACD is bearish .

So wait and see.
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