USD/JPY chart - Trading View
USD/JPY slides lower for the 2nd straight session, hits 6-day lows at 103.26, outlook bearish.
The pair is set to extend downside after recovery attempts were rejected at 21-EMA resistance.
Stochs and RSI are biased lower and RSI is well below 50 mark, negative DMI dominance supports weakness.
Major trend in the pair is bearish and rejection at 21-EMA has negated any further upside.
Resumption of weakness eyes major trendline support at 102.80. Break below to see further weakness.
Focus on second-tier US economic data – Goods Trade Balance, Chicago PMI and Pending Home Sales for further impetus.
