USDJPY came back swinging from its early-March low, reaching multi-year highs as positive momentum mounts. Moreover, the pair is currently trading way above its 50- and 200-period simple moving averages (SMAs), reinforcing its overall bullish outlook. Short-term momentum oscillators reflect a mixed picture as the RSI is found above its 70 overbought region, signalling that […]
The post USDJPY Faces Downside Risks; Bullish Outlook Maintained appeared first on Action Forex.
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