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USD / JPY strong pressure remains the third day

6:27 AM // 1 comments // Unknown // Category: forex //

Exchange rate still lies below the moving averages with periods of 34, 55, 89 and 144, which are directed downward and points to the continued bearish sentiment, as well as the next resistance levels are 81.80, 82.10, 82.75 and 83.00/10.
MACD histogram is located in the negative zone and below its signal line, continues to gradually decline, and thereby sends a signal to sell USD / JPY
Stochastic oscillator is in oversold territory and generates a similar signal as the% K line falls below the% D.
Therefore, as a confirmation of what the forex market in a given currency pair again could increase bearish sentiment, we can only wait for the breakdown of the support level of 81.25, which will open the path to levels of 80.75 and 80.50.
Resistance levels: 81.80, 82.00/10, 82.40, 82.75
Current price: 81.54
Support levels: 81.50, 81.25, 81.00, 80.75, 80.50