Hellow everyone :)) USDJPY is looking extremely bullish on higher time frames, broke past daily resistance into a new high, and the recent 4-hour bullish engulfing candlestick closure and the fact that we are trending above all the MA's on the 1-hour does confirm that there is strong buying power. We have a speech later on, but the overall bias is definitely bullish.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.