USD/JPY, break true the daily MA200!
Yes, again after August 27. The pair broke daily MA200 at 120.80 today and closing the day above that level could provide a solid support in the coming days. If the pair close the day bellow, that level could become the first resistance on the way up. You can see at H4 chart that MA100 is broken as well, the bulls are aiming 121.50/60 next, the previous resistance from August 28./31. Above that level, stronger resistance will be at 122.00/10. On the way back down, 120.70/80 could be the first support now, trendline at 120.20 next, 120.00 > 119.50/60 the stronger one. I always write about clear technical moves on USD/JPY, you can see on my chart why is that. I love to analyse and trade this pair.