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USDJPY dips after failing to jump above Ichimoku cloud
video USDJPY had been trending lower since its upward sloping channel broke to the downside in early March. Although the pair attempted a rebound, it is now on the retreat again after the congested region that includes the 50-day simple moving average (SMA) and the upper Boundary of the Ichimoku cloud rejected further advances. The momentum indicators currently suggest that near-term risks are tilted to the downside. Specifically, the RSI has flatlined below its 50-neutral mark, while the stochastic oscillator is falling after posting a bearish cross. If negative tendencies persist, the price could initially ... (full story)
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- Apr 5, 2023 7:34am Apr 5, 2023 7:34am
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traderathome - Joined Mar 2008 | Status: PVSRA with Traderathome | 1597 Comments
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- Posted: Apr 5, 2023 6:55am
- Submitted by:Category: Technical AnalysisComments: 1 / Views: 1,357
