Technical Analysis – USDJPY’s bullish pattern stands tall despite retraction

USDJPY buyers have emerged within the 109.66-109.84 zone (previous resistance-now-support) to contest the price pullback off a 1-year high of 110.96. The soaring 50- and 100-day simple moving averages (SMAs) are defending the near three-month rally off the 102.58 level, while a near completion of a bullish crossover of the 200-day SMA could further boost […]