Bullish continuation imminent?
U.S. Dollar/Japanese Yen FX:USDJPY
Price has finally broken out of the recent 2-week range, following a false break of support.
The buyers stepped in very strongly, breaking and closing above resistance at 112.886.
Price has now retraced some, and is retesting former resistance which I now expect to act as support. There is almost confluence with the 38.2% Fib level. I am watching for bullish action to go long and to target the previous major swing high at 114.500s