The USDJPY is holding in extended directionless mode, consolidating around 140 handle after last week’s heavy losses (the pair was down 5.7% for the week). Sharp fall found firm ground at 138.62/14 zone (base of ascending thick daily cloud / Fibo 61.8% of 130.39/151.94 upleg). Failure to register close below these levels generated initial signal […]
The post USDJPY: Bear-Trap Underpins But Action Remains Capped by 100DMA appeared first on Action Forex.
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