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02.12.202219:12 Forex Analysis & Reviews: USD/JPY: downside continuation from below 133.75

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USD/JPY Strong Sellers!

The USD/JPY pair increased a little today only because the US reported positive economic data. The Non-Farm Employment Change and Average Hourly Earnings came in better than expected.

You knew from my previous analyses that the price could develop a larger drop if it drops below 137.65. Technically, today's low of 133.75 represents a downside obstacle. On the other hand, the minor downtrend line represents an upside obstacle.

USD/JPY Trading Conclusion!

Staying below the downtrend line and dropping below 133.75 activates more declines. This helps the traders to sell this pair again.

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