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USD/JPY mid-term buyers gaining momentum

By : Mex Group

USD/JPY mid-term buyers gaining momentum

14 September 2016, 05:02

On the 4H USD/JPY chart, the MACD has moved above zero denoting an uptrend.

Such a momentum indication, unseen for at least for more that a week, indicates that key price breaks are on the horizon. Likely, momentum traders who had been waiting for this technical signal will likely try to push USD/JPY higher.

USD/JPY 0001-01-01T00:00:00
0/0 (0%)
H0 L0

S3S2S1R1R2R3
102.23001098632 102.32000732421 102.41000366210 102.58999633789 102.67999267578 102.76998901367

Trend IndexOB/OS Index
Bullish Neutral