The (USDJPY) settled with gains in its last intraday trading, after offloading some of its clear overbought conditions on the relative strength indicators, which makes the momentum indicators show a new bullish crossover, opening the way for continuing the rise in the near-term basis.
This performance comes amid the dominance of strong bullish wave on the short-term basis, with the stability of the price above 149.95 support, reinforcing the stability of the current bullish trend, with the continuation of the positive support that comes from its trading above EMA50.
Origin: Economies
