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Forex pairs in this Article » USD/JPY (Barcelona) - Nomura Strategist Saeed Amen has taken a look at USDJPY from a purely technical perspective.

He begins by noting that spot is up on the week but he is shifting to a bearish view. He sees that RSI has dipped from overbought, suggesting that spot has reached a short term high. However, he notes that bandwidth has also declined, suggesting that it will range. He writes, "However, we think a move lower will be relatively small. Our target is 91.90 (20D SMA), from there we would expect a bounce back higher."
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