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USDJPY extends pullback from new multi-week high (148.64) into second consecutive day, as overbought conditions prompted traders to collect profits. Larger uptrend faced increased headwinds from falling daily Ichimoku cloud (brief penetration into cloud, spanned between 147.87 and 150.56 was short-lived) and also failed to clear Fibo barrier at 148.53 (76.4% of 151.20/139.88). Bull-trap has […]

The post USD/JPY: Pullback Accelerates on Pressure from Bull-Trap /Falling Thick Daily Cloud appeared first on Action Forex.

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