The USDJPY extends lower in early Thursday’s trading, following nearly 1% drop on Wednesday, as yen was supported by increased flow into safety on risk aversion. Negative signal is developing on daily chart as near-term recovery attempts from May 12 low at 127.51 repeatedly failed to clear daily Tenkan-sen (129.42) forming a bull-trap pattern. In […]
The post USD/JPY: Negative Signals Developing on Daily Chart and Point to a Deeper Drop appeared first on Action Forex.
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