Trend: Down
Momentum: Slowed
Finding a bid in the absence of further BoJ intervention but the threat is so far keeping it below 157.95 and the 200 day mva just above it (158.00). Current tight range is 157.21-157,95, too tight to last for too long.
Should the top side break, market would likely fo on intervention alert on any approach to 160.
Otherwise, market will lose interest whle tight range holds.
(AT 4 hour chartt)
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