Spot FX (mini) USD_JPY
Since we last covered the USDJPY, the pair has continued to respect the downtrend we drew 10 days ago.
The bias is now firmly bearish for the pair, with the shorter-term EMAs crossed lower and the price action below the longer-term EMA, which has turned negative.
Traders can look to be sellers on a further move lower, on stop at 78.60, targeting a move into 77.80.