USD/JPY short term chart technique: neutral-bearish — Nomura

FXStreet — The Nomura analysts have a view on their prospects for the USD/JPY.

Important Quotes:

«The USD/JPY has retreated from its most recent multi month High, and we see a potential shift in the Trends with a subsequent series of lower highs and lower lows.»

«The 100-day MA of 112,95 is back in focus. The bullish momentum signals of fatigue and the DMI shows a shift in the Balance of risks.»

«We see short-term support at 112,80 and a resistance at 113,80.»

** FXStreet News Editorial, FXStreet**

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