USDJPY’s further gains seem to be restricted by the 200-day simple moving average (SMA) and the upper Bollinger band around the 109.00 resistance level. Yet, the upward sloping mid-Bollinger band and 40-day SMA back an improving picture. Despite this, the 200- and 100-day SMAs have moved horizontal, implying that a sideways move may endure. Furthermore, […]