The (USDJPY) reinforced its gains on its last intraday levels, supported by the emergence of the positive signals on the relative strength indicators, attacking the key resistance at 147.50, that represents the neckline of positive technical pattern (the double bottom pattern), which might push the price to target new resistance levels on the near-term basis, if it breaches the resistance, on the other hand, the pair remains under negative pressure due to its trading below EMA50, reducing the chances for its recovery on the near term basis.
Origin: Economies
