USD/JPY: Dollar Losing Traction But More Signals Needed to Spark Deeper Drop
The USDJPY edged lower in early Thursday but remains within 130.50/132.90 range which extends into fourth consecutive day. Fading bullish momentum and south-heading stochastic / RSI on daily chart, signal that the downside is vulnerable, but need a firm break of daily Kijun-sen (131.00) which contained dips in past two days, with extension below daily […] The post USD/JPY: Dollar Losing Traction But More Signals Needed to Spark Deeper Drop appeared first on Action Forex.
The USDJPY edged lower in early Thursday but remains within 130.50/132.90 range which extends into fourth consecutive day. Fading bullish momentum and south-heading stochastic / RSI on daily chart, signal that the downside is vulnerable, but need a firm break of daily Kijun-sen (131.00) which contained dips in past two days, with extension below daily […]
The post USD/JPY: Dollar Losing Traction But More Signals Needed to Spark Deeper Drop appeared first on Action Forex.
