Technical Analysis – USDJPY dives below 200-SMA; oversold signals eyed

USDJPY slid below the 200-period simple moving average (SMA) on the four-hour chart for the first time in two months, printing a new lower low at 127.00. That is marginally above the April 27 trough. Therefore, oversold signals are now attracting special attention as the price has closed below the lower Bollinger band. In momentum […]