USD/JPY bearish case building – Scotia

By FXStreet FXStreet (Guatemala) – Eric Theoret, CFA, CMT FX Strategist at Scotiabank explained the short-term technicals are bearish-neutral in USD/JPY.

Key Quotes:

“Risks are shifting following the completion of last week’s three-candle ‘morning star’ reversal pattern. The formation is suggestive of upside risk, and we look to further gains with the potential for a break above the 9 day MA at 119.63.”
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Source:: FX Street