USDJPY_e is currently rallying around 105.342. On the 1 Hour Chart , the previous candle closed below the previous 52 Period Exponential Moving Average. This is a possible Indication that we are in an active Down trend . USDJPY_e is currently in a range, not going above the previous day's highest high 105.53,or the previous day's lowest low 105.204 . If the price breaks above 105.53 then we will consider a long term buy with our target at 101.455. And on the flipside, a sustained move below 105.53 will attract sellers with an ideal target around 98.97.
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