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  • USDJPY fails several times to jump above 145.00

    From xm.com

    video USDJPY is struggling to surpass the 145.00 psychological mark and have a closing day above it, switching the short-term picture from bullish to neutral. The technical oscillators are suggesting a bearish move as the stochastic is moving towards the oversold zone, while the MACD is standing beneath its trigger line. The 20-day simple moving average (SMA) is acting as a strong support level and any bearish movements may push the market towards the long-term ascending trend line. More declines may challenge the 50-day SMA near the 139.35 barrier and a break beneath these lines could open the way for the 137.40 ... (full story)

And it also fails to close below 143.50. It's called consolidation, ranging momentum. Idiots.
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  • Posted: Oct 5, 2022 6:45am
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     Newsstand
    Category: Technical Analysis
    Comments: 1  /  Views: 873

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