USD/JPY Weekly Outlook

USD/JPY surged to as high as 104.93 last week, breaking both falling channel resistance and 55 day EMA decisively. The development argues that down trend from 111.71 has completed at 102.58, on bullish convergence condition in daily MACD. Initial bias remains on the upside this week for 38.2% retracement of 111.71 to 102.58 at 106.06.
The post USD/JPY Weekly Outlook appeared first on Action Forex.

USD/JPY surged to as high as 104.93 last week, breaking both falling channel resistance and 55 day EMA decisively. The development argues that down trend from 111.71 has completed at 102.58, on bullish convergence condition in daily MACD. Initial bias remains on the upside this week for 38.2% retracement of 111.71 to 102.58 at 106.06. […]

The post USD/JPY Weekly Outlook appeared first on Action Forex.

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