Imported headline
USD/JPY Breakout Watch: Bulls Target Higher Ground
Source
Action Forex - https://www.actionforex.com/contributors/technical-analysis/647515-usd-jpy-breakout-watch-bulls-target-higher-ground/
Summary
Looking at the 4-hour chart, the pair surpassed the 61.8% Fibonacci retracement level of the downward move from the 162.70 swing high to the 161.28 low. The pair even settled above 162.20, the 100 simple moving average (red, 4-hour), and the 200 simple moving average (green, 4-hour).
Medium Impact
USDJPY
USD
US