FX.co ★ Daily analysis of USD/JPY for September 26, 2016

Overview

The USD/JPY pair negotiates the key support 100.70 now. Stochastic provides negative signals on the four-hour time frame, while the EMA50 keeps moving negatively in the intraday and short-term trading, which supports the continuation of trading inside the bearish channel shown on the chart. Therefore, these factors favor the bearish overview for the upcoming sessions. The main targets begin at 98.00 and extend to 94.76, while the price needs to hold below 102.10 to keep the chances of achieving the suggested targets. The expected trading range for today is between the 99.50 support and the 101.55 resistance.