Last Updated Date: 21 April 2022 @ 6:36 AM (UTC)
*Please note that all the dates are in GMT time zone
Technically, the USDJPY status is overbought. The market shall slide back into bear trending and positioned to attack last Tuesday’s reversal low 127.07. A close under 1.2707 projects a larger selling wave to 126.23. Any corrections trapped inside Tuesday’s narrow congestion day will maintain bear forces.