Technical Analysis – USDJPY erases gains after hitting a wall at 109
USDJPY is recording its second day of losses after a failed attempt to break significantly above the 109 round level on Tuesday. Chances for a reversal, however, are decreasing as the 20-day simple moving average dropped below the longer-term 200-day MA after six months, while the red Tenkan-sen line has a steeper negative slope now, suggesting that […]