USD/JPY upside continuation pattern above 135.50 [Video]
|The USD/JPY pair retreated a little but the bias remains bullish. It could extend its growth after ending its minor retreat. Fundamentally, the USD remains bullish after the US Flash Services PMI and Flash Manufacturing PMI came in better than expected. Today, the FOMC Meeting Minutes could really shake the markets.
Technically, the USD/JPY pair retreated a little, developing a bullish pattern. The flag formation may announce an upside continuation. Stabilizing above the 134.77 activates further growth and brings new longs. The median line (ml) acts as a magnet and could attract the rate again. The bias remains bullish as long as it stays above the former lows (demand zones).
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