Currently at support, the intraday direction will be clear once the current price level shows support or breakthrough, as the Traditional MACD shows an inclination towards bearish sentiments, as per the moving averages.
IBM abandoned an earnings forecast for 2015 amidst the struggles of the company to shift its focus towards cloud computing, sending the U.S stocks market tumbling as sentiments waned. Speculation over the health of the U.S stock market and Fed rate increases sent the dollar falling against the higher yielding currencies. USD/JPY traded to the high of 15th Oct at 107.4 before falling
|Slight Bearish||105||105.79||106.4||107.4||108||108.48||Sell once 106.4 breaks||107.2||105|