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USD/JPY: Dollar Losing Traction But More Signals Needed to Spark Deeper Drop

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... Read More
Posted: Feb 9 2023, 11:56
Author Name: actionforex
Views: 111434

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