USDJPY’s fixed course continues to edge sideways below the steady 200-day simple moving average (SMA), squeezed by the upper and mid-Bollinger bands. The convergence in the 50- and 100-day SMAs and their flattening tone suggest that the current path may endure a while longer. Looking at the short-term oscillators, directional momentum is non-existent. The MACD is at its zero mark barely above its red signal line, while the RSI is marginally hovering above the 50 threshold. In the positive scenario, [..]
6 Asset Classes - 16 Trading Platforms - Over 1000 Instruments.