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USD/JPY - Bears... wait for a daily close below 200-DMA

U.S. Dollar / Japanese Yen (FOREXCOM:USDJPY)  
TipTVFinance  
FOREXCOM:USDJPY   U.S. Dollar / Japanese Yen
USDJPY trading Currencies Forex
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usdjpy trading currencies forex
Rejection at the sliding trend line resistance followed by a sell-off on the weak US payrolls data suggests the sell-off from the recent high of 114.36 has resumed.
However, bears are still advised to wait for a daily close below 200-DMA before hitting the pair with fresh offers.
the 200-DMA (sloping upwards) is seen at 110.14.
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