USD/JPY U.S. mortgage rates fell to 5.10 from 5.25 last week. But compared with 3.1% at the end of last year, 5.1% is still relatively high. Based on the release of this data, the market is not particularly optimistic about the dollar.
The trend line formed by USD/JPY in the D1 chart has been successfully broken, and the trend has turned from bullish to bearish. The short-selling volume of the MACD indicator is gradually increasing, and the signal line is breaking below the 0-axis. Fibonacci prices below 23.6 strongly push prices towards the 125.259 area.
The formation of a death cross by the double-line MA in the H1 chart will continue to be bearish. At present, various indicators show that the trend has a lot of room for downside.
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