Fades bounce off 200-EMA around mid-131.00s
Share: USD/JPY reverses the previous day’s recovery from weekly low, sidelined of late. Firmer RSI, sustained break of weekly resistance line keeps Yen buyer hopeful. Bulls need validation from 131.70 to keep the reins. USD/JPY seesaws around 131.50 as buyers struggle to extend the previous day’s rebound amid a sluggish start to Thursday’s […]
Recovery fades near 159.50 as key DMAs, trend lines probe bulls
Share: GBP/JPY bulls struggle to keep the reins after two-day uptrend. 10-DMA, 21-DMA and two-month-old resistance line challenge immediate upside amid sluggish MACD. Bears should wait for 61.8% Fibonacci retracement breakdown. GBP/JPY makes rounds to 159.40 while fading the two-day uptrend during early Tuesday. In doing so, the cross-currency pair jostles with the […]