USDJPY’s downward trend looks set to continue, says David Linton, Chief Executive at Updata.

Using a combination of traditional, Ichimoku and Point-and-Figure charting, Linton says a descending triangle may be forming on USDJPY, while at the same time the currency pair continues to push lower triggering further downside targets.

For details, watch Updata’s Charts Today (USDJPY at 0:40), which also includes an analysis of the major energy, currency, commodity and stock markets:

Currencies
Bitcoin
Stock Markets
Crude Oil
US NatGas
European Gas & Power
Commodities