The (USDJPY) witnessed volatile trading on its last intraday levels, where the price is attempting to offload some of its oversold conditions that appeared on the relative strength indicators, accompanied by forming positive crossovers that might support the attempts to settle on near-term basis.
Despite these tentative positive signs, the price remains under clear technical pressure, after breaking main bullish trend line on the short-term basis and its decline below EMA50, which reinforces the likelihood of the decline extension unless the price manages to regain the broken support levels.
Origin: Economies
