Technical Analysis – USDJPY consolidates; ascent restricted by inside swing & 21-SMA

USDJPY has consolidated into a sideways market over the last three weeks, after falling from near the 100-day simple moving average’s (SMA). The pair has been unable to close above the 106.77 resistance level despite multiple attempts, and now the bulls are at it again. The MACD is above its red trigger line and in […]