USDJPY regained traction on Wednesday, after spiking to the lowest in nearly one month on Tuesday. Strong downside rejection formed a bear trap pattern (under daily cloud base), as well as Hammer candle (Tuesday), adding to developing positive signals. Strong resistances at 147.60 zone (daily cloud top / converged 10/20 DMA’s) are under pressure, with […]The post USD/JPY: Recovery Attacks Key Barriers, Bear-Trap Underpins the Action appeared first on Action Forex.