Technical Analysis – USDJPY plummets to fresh 7-month low

USDJPY had experienced a significant uptrend in the past year, climbing to a 32-year high of 151.94 in mid-October. However, the pair has been experiencing a prolonged downside correction since then, with the price hitting a fresh seven-month low of 129.50 in the previous daily session. The short-term oscillators currently suggest that bearish forces have gained total […]