Technical Analysis – USDJPY edges lower; indicators turn lower
Posted on August 17, 2020 at 12:22 pm GMTUSDJPY is edging lower over the last couple of sessions, finding strong resistance at the 106.65 barrier and the mid-level of the Bollinger band. The price is flirting with the lower Bollinger band and the 40-period simple moving average (SMA) in the 4-hour chart, while the technical indicators are returning down. The RSI is heading to the downside below the 50 level and the stochastic is posting a bearish crossover within its %K and %D lines in the short-term. Should [..]