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USD/JPY gains ahead? - FXStreet

FXStreet (Barcelona) - Valeria Bednarik, FXStreet Chief Analyst suspects that further gains could lie ahead of USD/JPY.

Key Quotes

"USD/JPY recovers from an intraday low of 113.85 posted early Europe, with the 1 hour chart showing price approaching its 100 SMA from below, immediate resistance at 114.50 and indicators aiming higher still in negative territory."

"In the 4 hours chart indicators advance steadily crossing above their midlines, suggesting further gains for the day, moreover if price manages to overcome mentioned resistance."

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