USD/JPY: Firm Break of 130 Zone to Add to Bullish Outlook for Retest of 20-Year High

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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 […]

The post USD/JPY: Firm Break of 130 Zone to Add to Bullish Outlook for Retest of 20-Year High appeared first on Action Forex.

Source: USD/JPY: Firm Break of 130 Zone to Add to Bullish Outlook for Retest of 20-Year High