USDJPY breaks major trendline resistance,
MACD confirms a bullish crossover on signal line and momentum is also with the bulls, raising scope for further upside.
Price action hovers around 88.6% Fib retracement at 116.66, bulls eyes upper month BB at 117.94. Bullish invalidation only below 55-EMA.
Technical analysis for the pair supports a bullish stance. Price action has broken major trendline resistance
Price action hovers around 88.6% Fib retracement at 116.66, bulls eyes upper month BB at 117.94. Bullish invalidation only below 55-EMA.
Technical analysis for the pair supports a bullish stance. Price action has broken major trendline resistance
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.