The USD/JPY pair saw a rally last week, but it eventually began to lose steam when it was unable to break through resistance close to 146.00, which resulted in a pullback towards support at 144.94.
Should bulls take back control of the market, technical resistance is seen at 147.3.
The broken neckline of the double bottom and the RSI bullish divergence support the bullish momentum.
Should bulls take back control of the market, technical resistance is seen at 147.3.
The broken neckline of the double bottom and the RSI bullish divergence support the bullish momentum.
Price action, simple and clean!