-
USDJPY moves sideways within SMAs and 112.70
video USDJPY has found strong support level at 112.70 over the last few days, remaining below the flat 20- and 40-day simple moving averages (SMAs). However, the pair is moving sideways within this range and is confirmed from the technical indicators as well. The MACD is moving sideways below zero level, while the RSI is flattening near its neutral threshold of 50. In the case of a break beyond the short-term SMAs, the next stop could come from the almost five-year high of 115.50. A rally higher could send the market towards a key barrier, registered in December 2016 at 118.60. Alternatively, a move beneath the ... (full story)