USDJPY Holds Near The Upper Surface Of Bearish Channel

<p>USDJPY is falling further in the short-term and prices continue to drift lower from the 103.88 resistance, finding some support at the 20- and 40-period simple moving averages (SMAs). The short-term technical indicators are pointing to more weakness in the market. The MACD and the RSI are flattening near the zero level and the 50 [&#8230;]</p> <p>The post <a rel="nofollow" href="https://www.actionforex.com/contributors/technical-analysis/355572-usdjpy-holds-near-the-upper-surface-of-bearish-channel/">USDJPY Holds Near The Upper Surface Of Bearish Channel</a> appeared first on <a rel="nofollow" href="https://www.actionforex.com">Action Forex</a>.</p>