USDJPY Extends Breakout Move, 200-day SMA in Focus

USDJPY had been trading within a downward sloping channel since mid-October when the price peaked at a 32-year high of 151.94. Nevertheless, the pair managed to break above this pattern in early February, with its strong advance currently approaching the 200-day simple moving average (SMA). This positive short-term bias is also endorsed by the momentum indicators. Specifically, […]

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