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Forex news -forex broker review => Forex => Topic started by: PocketOption on May 07, 2022, 08:21 am

Title: USD/JPY: Firm Break of 130 Zone to Add to Bullish Outlook for Retest of 20-Year High
Post by: PocketOption on May 07, 2022, 08:21 am
USD/JPY: Firm Break of 130 Zone to Add to Bullish Outlook for Retest of 20-Year High

The USDJPY returned to bullish mode, after shallow pullback from new 20-year high found firm ground at 129 zone, contained by rising 10DMA and Fibo 23.6% of 121.27/131.24 upleg. Bulls are establishing above 130 level, but need weekly close above here to confirm bullish signal, after last week's spike to 131.24 was short-lived and failed […]


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Source: USD/JPY: Firm Break of 130 Zone to Add to Bullish Outlook for Retest of 20-Year High (https://www.actionforex.com/contributors/technical-analysis/442805-usd-jpy-firm-break-of-130-zone-to-add-to-bullish-outlook-for-retest-of-20-year-high/)