Technical Analysis – USDJPY bears blocked around 105.50

USDJPY put brakes on the sell-off near  the key 105.50 area twice this week and turned to consolidation. Trend signals remain bearish as the market action continues to take place well below simple moving averages (SMA) and the Ichimoku cloud, whilst the momentum indicators suggest that the next move in the price could be bearish-to-neutral. The […]