Bulls regain some ground, must conquer the 20-day SMA – Forex Trader Hub
NZD/JPY mildly rose to 89.30, testing the 20-day SMA. The RSI is near 50 while the MACD shows flat green bars, signaling that the momentum is sideways. A jump above the 20-day SMA would confirm a bullish outlook. The NZD/JPY pair gained ground in Friday’s session, climbing to 89.30. The uptick follows side-ways movements during…