USDJPY Daily - 13.8.2015 - 1.20pmUSDJPY – Pair is above the 15 ema and bulls continue to try to push towards R1 pivot. Price is also trading above the Pivot Point.

Yesterday’s candle close is bearish and shows that the bulls might be in for a tough fight as we go along.

Also, stochastic is pointing down and there is bearish divergence. Another bearish close today might give the bears more reason to push this pair lower.

To your trading success!

~ Ardy