USDJPY is BEARISH rest of 2016!!!

FX:USDJPY   U.S. Dollar / Japanese Yen
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Per inchimoku cloud indicator on USDJPY             1M chart. Yes, this is not for trading, just for your knowledge of big picture, I believe that this pair will be continuing to be BEARISH for rest of 2016. Here are my several reasons/opinions why:

1) 1st look at RSI on bottom of chart--- it has went below 50 level which this pair has not done since 2013.

2) Averages of both of USDJPY             1 M major support area lows in 1999 & 2005 is 101.470-- price now is 109.593 & has been dropping since late last year and continuing this year, so far. I believe will go to around 101.500 at least level.

3) Ichimoku cloud indicator says: price action this month has retracted upwards, right above a support level .The EMA line 9 (light blue line) has turned corner & appears to be crossing EMA line 26 (purple line) soon. Cloud noted below PA, did a cloud twist or Kumo Twist in 6/15/15 foretell that Bulls would be losing control & Bears would take over.

4) Noted EMA 50 (black) & EMA 200 ( gold             ) need to be watched closely to see if 200 ema crosses over 50 ema , this would be MAJOR sign of pair continuing downwards. Another name for this is death cross, which means BEAR time.

Yes, big picture is bearish , BUT for trading purposes you would have to consult time frame of your TRADE for what is going on short term for the USDJPY             pair at a given time. Wishing all the best in trading- trade with TREND!!!
Nice! Thx for the big outlook
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