USD/JPY moving in an up trend now by forming higher highs higher lows
|Forex GDP USD/JPY Technical analysis
USD/JPY broken the resistance zone in 4 hour chart.
USD/JPY is moving in an Uptrend now by forming higher highs, higher lows in 1 hour chart.
By 9:35 AM ET (1335 GMT), the Dow Jones Industrial Average was up 827 points, or 3.9%, at 21,879 points, while the S&P 500 was up 3.6% and the Nasdaq Composite was up 3.5%
The news followed announcements at the weekend that daily deaths from the Covid-19 virus had fallen in Spain and Italy, the two worst-affected countries in Europe.
While U.S. data are harder to interpret and point mainly to a higher death toll in the next few days, President Donald Trump reiterated his upbeat belief that a turnaround is in sight, tweeting "LIGHT AT THE END OF THE TUNNEL!"
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