USD/JPY has dropped to 111.22 – the support of trendline connecting the Jan. 3 and Jan. 31 lows – and could extend the slide toward 111.00 as the RSI on the 8-hour chart is reporting a bear flag breakdown, a bearish continuation pattern, which often ends up accelerating the preceding bearish move. Notably, the RSI is now reporting bearish conditions with a below-50 reading. 8-hour chart Trend: Bearish FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Australia’s 3-year bond yield drops below RBA cash rate first time since 2016 FX Street 4 years USD/JPY has dropped to 111.22 - the support of trendline connecting the Jan. 3 and Jan. 31 lows - and could extend the slide toward 111.00 as the RSI on the 8-hour chart is reporting a bear flag breakdown, a bearish continuation pattern, which often ends up accelerating the preceding bearish move. Notably, the RSI is now reporting bearish conditions with a below-50 reading. 8-hour chart Trend: Bearish Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
