USDJPY Bears Show Their Strength But Is It Enough for a Downleg?

<p><img width="508" height="339" src="https://www.actionforex.com/wp-content/uploads/2018/05/f-usd-jpy6.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" loading="lazy" /></p>
<p>USDJPY in the green today after a strong red candle Bears took advantage of USD weakness in the market Momentum indicators have reached a crucial stage USDJPY is higher today, bouncing off the lower boundary of the ascending trending channel that has been in place since mid-March. Today’s reaction is partly the response from the [&#8230;]</p>
<p>The post <a href="https://www.actionforex.com/contributors/technical-analysis/527486-usdjpy-bears-show-their-strength-but-is-it-enough-for-a-downleg/">USDJPY Bears Show Their Strength But Is It Enough for a Downleg?</a> appeared first on <a href="https://www.actionforex.com">Action Forex</a>.</p>