USD/JPY Technical: Potential Impending Minor Bullish Breakout for Japanese Yen - Action Forex

EUR/USD, USD/JPY and AUD/USD Forecast – US Dollar Continues to Fight Back

USD/JPY Technical Analysis The US dollar has pulled back a little bit against the Japanese yen, only to shoot straight up in the air again. We find ourselves at the all too familiar 148 yen level, an area that’s been important multiple times, and an area that also sees the 200 day EMA hanging around. In other words, this is an area that I think makes a lot of sense that we end up at. And the question now is, can we break above there finally? If …

USD/JPY Technical: Potential Impending Minor Bullish Breakout for Japanese Yen - Action Forex

Earlier last week, the USD/JPY surged to a four-month high of 150.92 on 1 August, but its prior accumulated gains of the previous four sessions were all wiped out and formed a weekly bearish “Shooting Star” at the close of last Friday, 1 August US session. These observations suggest a potential bullish breakout on the […] The post USD/JPY Technical: Potential Impending Minor Bullish Breakout for Japanese Yen appeared first on Action Forex.