USDJPY advances curbed by cloud and downtrend line

USDJPY advances curbed by cloud and downtrend line

From xm.com

USDJPY seems to be re-adopting its negative tone after being redirected below the 50-day simple moving average (SMA), following the recent deflection off the downtrend line drawn from the 111.71 peak. The flattening Ichimoku lines are suggesting a pause in negative price action, while the controlling SMAs are escorting the pair even lower. The short-term oscillators currently do not give any compelling signals in directional momentum. The MACD, in the negative region, has thrusted above its red trigger line but has turned horizontal a tad below the zero mark. Yet, the RSI appears to be holding ever so slightly above ... (full story)

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