USDJPY D1 01 08 2020 1256

The USD/JPY pair might fall in the medium term, according to our technical analysis. The MACD in into negative territory and the price is still below EMA 20, EMA 50, and EMA 100, on the daily chart. The price has already exited from the trendline range, on the daily chart

USDJPY W1 01 08 2020 1258

The RSI downtrend pattern has already formed on the weekly chart, and the Stochastic downtrend pattern is underway. The price stays below EMA 20, EMA50, and EMA 100.

 

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