USDJPY consolidates between trend lines via ForexLive

Trend  move lower in consolidation phase The chart below shows the trend progression of the USDJPY in trading today, followed by what has been a consolidation phase at the lows.  With overlays of the key MAs like the 200 day MA, the 200 and 100 hour MAs, the downward trend progressed orderly but with a definitive bearish bias.