USDJPY turned red on Tuesday after its five-day bullish rally stalled near July’s resistance of 137.45, but the bears will probably need to work harder to stay in power. Although the negative intersection between the 20- and 50-day simple moving averages (SMAs) keeps promoting a trend deterioration, the price is still trading above those lines. Meanwhile, the […]
The post USDJPY Pulls Below July’s Bar But Not Bearish Yet appeared first on Action Forex.
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