Technical Analysis – USDJPY loses ground, magnetized by lower Bollinger band
USDJPY appears to be losing footing at the 106.44 level, that being the 50.0% Fibonacci retracement of the up leg from the 41-month low of 101.17 to the 111.71 high, tracing the lower Bollinger band around 106.21. The current negative push is confirmed by the downward slope in the 50-day simple moving average (SMA) as […]