View full page at forexfactory.com

 

USDJPY directs lower but positive tone endures

From xm.com

{video}USDJPY is gaining some traction off the mid-Bollinger band at 108.87, near a supportive trend line drawn from the 102.58 low. The fresh deflection in the price off the upper Bollinger band may have recently curbed additional developments past the 110.00 border; however, sellers seem to currently lack the necessary backing to shift sentiment to the downside. Although the short-term oscillators are slightly favouring price advances, they are presently transmitting conflicting signals in directional momentum. The MACD is holding a tad above zero and its red trigger line, while the upward pointing RSI appears set ... (full story)

Story Stats

  • Posted:
  • Category: Technical Analysis