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USD/JPY – Market Strategy can be a buy at the level 101.51 and taking profit at the level 102.20
Technical oscillators support the bullish trend for the currency pair
To support our technical analysis we will use oscillators such as MACD (Moving Average Convergence Divergence); we see that the buying pressure is gaining traction; also we notice the long EMA line is crossing the signal line up and both are crossing the zero line up, revealing an upward tendency. Momentum line is in a bullish direction, revealing a good time to buy the currency pair. There are two bottoms up leading to a buying trend, according to Bollinger.
