The (USDJPY) settles high in its last intraday trading, testing the resistance of bearish corrective trendline on the short-term basis, amid the continuation of the negative pressure due to its trading below EMA50, which represents dynamic resistance that prevents the price recovery on the near-term basis, besides the emergence of negative overlapping signals in the relative strength indicators, after reaching overbought levels, which suggest forming negative divergence.
Origin: Economies
