Technical Analysis – USDJPY consolidates underneath key resistance level
USDJPY has moved sideways along the recently breached 108.42 level, which is the 50.0% Fibonacci retracement of the down leg from 112.39 to 104.45. Bound between 109.00 and 108.42, the positive picture seems to be holding for now. With the pause in the market, the MACD has eased, but remains slightly above its red trigger […]