USD/JPY In Support Zone

 | Apr 14, 2015 07:34AM ET

The USD/JPY pair is trading below the downward trend line on a 30 minute time frame. This means that the trend is towards the downside and as long as the price is trading below this trend line, the trend remains towards the downside. The pair is also trading near its support zone (which is mentioned below). The price is also trading below the 50 day (shown in red) and the 100 day (shown in yellow) moving averages