USD/JPY has posted consecutive bullish candles despite its narrow price movements, and the firm trend is expected to continue after breaking above the 21-day moving average. Attention will now focus on economic indicators and comments from US monetary authorities.
USD/JPY has continued to post consecutive bullish candles despite its narrow price movements, maintaining its rise with the 5-day moving average acting as support after breaking above the 21-day moving average. The prevailing view is that the firm trend is likely to continue.
The article lists various technical indicators on a daily-chart basis. It reports that the upper and lower cloud boundaries are observed at ¥162.53 and ¥160.66, respectively, while the upper and lower Bollinger Bands are at ¥159.99 and ¥157.58. The 100-day and 200-day moving averages are observed at around ¥159.59 and ¥158.41, respectively.
The current price is ¥159.47. Levels for the 10-day, 21-day and 200-day moving averages are shown in stages, and the current situation may continue to be one in which the outlook for the 22-day period is determined. The article sets out these figures and cites the series of bullish candles and the cloud as grounds for expecting the firm trend to continue.