USD/JPY: Larger Bulls Started to Lose Traction, Deeper Drop to Sideline Intervention risk

<p>The pair is holding in red for the second consecutive day, as larger bulls were hurt by fresh risk aversion, with overbought daily studies prompting traders to start collecting profits. Bulls probed through Fibo resistance at 146.10 (76.4% of 151.94/127.22), but so far without clear break higher that keeps in play risk of pullback. Weekly […]</p>
<p>The post <a rel="nofollow" href="https://www.actionforex.com/contributors/technical-analysis/514907-usd-jpy-larger-bulls-started-to-lose-traction-deeper-drop-to-sideline-intervention-risk/">USD/JPY: Larger Bulls Started to Lose Traction, Deeper Drop to Sideline Intervention risk</a> appeared first on <a rel="nofollow" href="https://www.actionforex.com">Action Forex</a>.</p>

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