USDJPY remains constructive and moved to the upper side of four-day congestion but continues to face headwinds from fading bullish momentum and freshly formed 55/200DMA death cross (strong resistance zone at 158.33/92 provided by falling 55DMA, 20 DMA and Fibo 76.4% of 160.39/152.93). Another obstacle would be hawkish signals from BoJ, as rising inflation keeps […]The post USDJPY – Ma Death Cross and Falling Daily Cloud Produce Headwinds to Recovery Attempts appeared first on ActionForex.