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USDJPY - Bulls Return To Play After Shallow Correction, Further Upside Is Favored

Discussion in 'Technical Analysis' started by Kaitlin, Sep 1, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    The pair maintains bullish sentiment and hit fresh high at 103.67 on Thursday, after shallow pullback from Wednesday's 103.51 high was contained above 103.00 support. Daily studies are gaining fresh bullish momentum, with formation of 10/20SMA's bullish cross and yesterday's close above 55SMA which is turning sideways after long descend, supporting further ascend[​IMG]

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