USDJPY regained traction on Tuesday but remains within a congestion which extends into fourth consecutive day. Pullback from 2023 peak (150.16) was repeatedly limited by rising 20DMA (currently at 148.58) which signals strong bids. Larger uptrend from 127.22 (2023 low) remains intact and near-term action so far points to a shallow correction before bulls resume. […]
The post USD/JPY: Daily Studies Point to Further Gains after Consolidation appeared first on Action Forex.
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