11 Jul 2015
USD/JPY mid-term buyers gaining momentum
FXStreet (Barcelona) - 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.
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.