The US dollar fluctuated in a narrow range that tends to rise during the Asian session, to witness its retracement of the second session from its lowest since the fifth of October against the Japanese yen, following the developments and economic data they followed on the Japanese economy and on …
The currency pair is trading in the range of 365 and 135 moving averages. The support level of 124.18 is holding back sellers. Awesome Oscillator indicates a bullish divergence, while Stochastic Oscillator signals an oversold condition.
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The support level of 328.40 deters sellers. A downward truncated pattern has formed, it ended with a breakout of the inclined channel. Awesome Oscillator indicates a bullish divergence. A breakout of 333.20 will result in the formation of an ascending wave pattern.
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