USDJPY Gets Squeezed Below Major Resistance

<p>USDJPY is trapped between its 20- and 50-day simple moving averages (SMAs) and beneath the surface of the crucial 10-month old descending channel as the 104.00 level keeps cancelling bullish actions. The RSI and the MACD remain flat around their neutral levels, whereas the bullish cross between the red Tenkan-sen and Blue Kijun-sen lines is [&#8230;]</p>
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