Trading Discussion USDJPY Medium term trend: bullish according to Dec-3 analysis.

[Somrat4030]

The price of USDJPY rises further to $ 113,240 as it moves north. With the price of the currency pair above the EMA-9, this indicates that the market is in an uptrend and that the bulls control the market at the moment.

The daily stochastic signal pointing up at around 62% approaching the overbought zone indicates that the price of USDJPY may continue and remain in an uptrend going forward

 

[Dita Walczak]

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