USDJPY had been trending lower since its upward sloping channel broke to the downside in early March. However, the pair crossed above its 50-day simple moving average (SMA) following the strong rebound from its March lows, which has temporarily stalled at the upper Boundary of the Ichimoku cloud. The momentum indicators currently suggest that bullish […]
The post USDJPY Slices Through 50-day SMA appeared first on Action Forex.
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