USD/JPY: Loss of Key Fibo Support to Spark Stronger Bearish Acceleration

[PocketOption]

USD/JPY: Loss of Key Fibo Support to Spark Stronger Bearish Acceleration

The pair holds in red for the third straight day, with risk of further weakening seen on confirmation of initial bearish signal on Monday's repeated close below Fibo support at 146.85 (23.6% of 130.39/151.94 upleg). Rising negative momentum on daily chart and Tenkan-sen / Kijun-se turning to bearish configuration, pressure dollar and add to downside […]

The post USD/JPY: Loss of Key Fibo Support to Spark Stronger Bearish Acceleration appeared first on Action Forex.

Source: USD/JPY: Loss of Key Fibo Support to Spark Stronger Bearish Acceleration