12 Nov 2015 USD/JPY: 122.50 is key support - FXStreet FXStreet (Guatemala) - Valeria Bednarik>, chief analyst at FXStreet explained that USD/JPY is lower in the range. Key Quotes:"The USD/JPY pair maintains its neutral stance, having been consolidating below the 123.00 level, ever since the day started.""Nevertheless, the pair lacks directional strength as the 1 hour chart shows that the price is trading a few pips below a 100 SMA while the technical indicators are losing their upward strength above their mid-lines.""In the 4 hours chart, however, the technical indicators are turning south below their mid-lines after a limited upward correction, increasing the risk of a bearish run on a break below the 122.50 level."
