FXstreet.com (Buenos Aires) - USD/JPY Current Price 99.63. Pair managed to move higher and break above the congestion zone around 99.30/40 that had been holding the upside in the pair past two days. Actual candle open above the 200 EMA and 20 SMA is turning higher, suggesting a bullish continuation for the next hours.
Indicators seem to be close to the extremes, so downside corrections should hold above the 99.30 to keep the bullish bias intact, said Valeria Bednarik, collaborator at FXstreet.com.
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