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USDJPY begins a healing process
USDJPY showed signs of life on Wednesday, forcefully bouncing above the 144.57 bar that had limited Tuesday’s gains following the flash spike to 146.35. There is still a chance for sellers to reverse today’s bull run since the RSI and stochastic oscillator have not moved out of the bearish area. However, with the indicators hovering within the oversold region, downward pressures might soon subside. More importantly, if the pair manages to complete a bullish doji candlestick pattern by recouping Monday’s freefall above 146.58, the pair might receive fresh buying interest likely towards the 149.00 constraining ... (full story)
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- Posted: Aug 7, 2024 6:57am
- Submitted by:Category: Technical AnalysisComments: 0 / Views: 2,735
