USD/JPY - 4 HOUR

USD/JPY (spot) - 4 hourly

USD/JPY is trending lower over the last few days. MACD is negative and the pair trades in the lower Bollinger band. RSI has a fair value of 45. To the downside, initial support would be 105.00 followed by the July lows of 104.15. To the upside, a break into the upper Bolliger at 105.83 could then target on 106.27.