USDJPY has retreated from its January high, crossing below its 50-period simple moving average (SMA) amid strengthening negative forces. However, despite the short-term negativity, the pair’s overall outlook is still positive amid successive higher highs and higher lows. Short-term momentum indicators are supporting a negative bias as the RSI is located below its 50 neutral […]
The post USDJPY Faces Short-Term Pressures; Overall Outlook Bullish appeared first on Action Forex.
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