USD/JPY extends gains amid improving market risk, eyes trendline resistance at 116.35
The pair is extending bounce off 55-EMA and daily cloud support, rises for the 3rd straight session
Price action is above the daily cloud, Chikou span is biased higher
Momentum is strongly bullish, Stochs and RSI are biased higher
USD/JPY trades with a bullish bias. Scope for test of Wedge top at 116.35. Bullish invalidation only below 55-EMA.
The pair is extending bounce off 55-EMA and daily cloud support, rises for the 3rd straight session
Price action is above the daily cloud, Chikou span is biased higher
Momentum is strongly bullish, Stochs and RSI are biased higher
USD/JPY trades with a bullish bias. Scope for test of Wedge top at 116.35. Bullish invalidation only below 55-EMA.