USD/JPY: Bears Increase Pace and Penetrate Rising Daily Cloud

<p><img width="544" height="317" src="https://www.actionforex.com/wp-content/uploads/2018/03/f-jpy17.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" fetchpriority="high" /></p>
<p>USDJPY remains under increased pressure on Monday and extends steep bear-leg from 151.43 lower top into third straight day. Last week’s close below psychological 150 level generated initial bearish signal which was boosted by today’s extension through 148.44 (Fibo 23.6% of 137.23/151.90 rally) and drop into rising daily cloud (cloud top lays at 148.37). Daily [&#8230;]</p>
<p>The post <a href="https://www.actionforex.com/contributors/technical-analysis/528166-usd-jpy-bears-increase-pace-and-penetrate-rising-daily-cloud/">USD/JPY: Bears Increase Pace and Penetrate Rising Daily Cloud</a> appeared first on <a href="https://www.actionforex.com">Action Forex</a>.</p>