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USD/JPY chart - Trading View
USD/JPY is extending bullish streak for the 4th straight session, outlook bullish.
The major has hit 3-month highs at 110.85 before paring some gains to trade at 110.78 at around 04:25 GMT.
Technical bias is bullish, scope for further upside. Volatility is high, momentum is bullish.
GMMA indicator shows major and minor trend are bullish on the daily and weekly charts.
The major is extending break above 200-week MA. Price action is on verge of break above major trendline resistance (110.75).
Next major bull target lies at 76.4% Fib at 111.39. 5-DMA is immediate support at 110.41. Bullish invalidation only below 200-DMA.
