Technical Analysis – USDJPY storms to a fresh 6-month peak
USDJPY has been trading within an upward sloping channel since mid-March, crossing above crucial technical levels such as both its 50- and 200-day simple moving averages (SMAs). In today’s session, the pair recorded a fresh six-month high as the bulls seem to have gained total control. The momentum indicators currently suggest that buying forces are strengthening near […]