Technical Analysis – USDJPY crowned by 200-MA; price appears static
Posted on October 5, 2020 at 12:08 pm GMTUSDJPY is struggling to push above the 200-period simple moving average (SMA) as directional momentum has dampened. The Ichimoku lines appear powerless in aiding the stagnant pair while the flattening out of the simple moving averages (SMAs) promotes additional sideways development. The MACD has improved marginally above zero and its red trigger line but remains around its neutral zone, while the RSI is losing pace in bullish territory. Moreover, the stochastics %K line is stalling in the overbought section but [..]