Citi warns of USD/JPY squeeze lower via ForexLive

USD/JPY is down a quarter-cent to 103.83 and technical analysts at Citi warn the pair could continue to fall because of the pair's inability to stay above 104.13.

They say a quick move toward 103.05/103.20 looks very likely in the near-term. They highlight a short-term head & shoulders pattern that targets 103.20 with a break below yesterday's low of 103.75 accelerating losses.

USD/JPY intraday

posted via ForexLive