USDJPY has formed a higher low around the mid-Bollinger band and the 50-day simple moving average (SMA), keeping the minor uptrend alive, which began from the 107.47 trough. The 100- and 200-day SMAs are backing improvements in the pair, while the short-term oscillators are signalling that positive sentiment may be picking up. The MACD, in the bullish region, is barely beneath its flattened red trigger line, while the RSI is trying to sustain its bounce off the 50 level. The stochastic %K line, currently in oversold territory, is improving, indicating strengthening positive momentum. If the pair’s traction off the ... (full story)