Category: Forex News, News

USD/JPY price strives to shake off negative pressure – Forecast today

NZD/USD price rose in latest intraday trading and tested the upper limit of a downward correctional price chanel that limited recent short-term trading, while bumping into the resistance of the 50-candle SMA, as the Stochastic reached overbought levels compared to the price’s movements, sending out early signals of a negative divergence, which would double negative pressure on the pair.

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