U.S. Dollar / Japanese YenUpdated USDJPY - breakout?
The price looks like it has tried to break back above this support level, the price has managed to pass over it and then retraced, the price currently looks like it has bounced off the support level and may start to make further moves up. This pair needs to be watched over the coming days for more confirmation signals. The RSI is also in a good position for more bullish moves to take place. I would keep everyone updated on this pair over the coming days.
Note
A strong bullish move after a doji appeared in the support zone, this could be a good signal for a bullish move. A clear break above this zone should see the price rise to around the 112.02 level.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.