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USDJPY edged higher after fresh acceleration lower in European session on Monday, hit new multi-week low. Bears found footstep at 50% retracement of 148.64/158.87 upleg, but upside is likely to be limited, as broken supports at 154.96/76 (Fibo 38.2% / 55DMA) and 154.80 (bull-trendline) reverted to strong resistances. Daily close below these levels to verify […]

The post USDJPY: Fresh Acceleration Lower Cracks Important Supports appeared first on Action Forex.

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