Technical Analysis – USDJPY struggles to make recovery back into 4-month range
USDJPY has made a recovery to regain the 111 handle but the pair essentially remains in a neutral phase since mid-September. Momentum oscillators have improved and could potentially lead to another leg higher. There is immediate resistance at the 200-day moving average at 111.68. Prices need to at least rise above the 50-day MA (currently […]