USDJPY technicals: Upside risks building – Scotia Bank

By FXStreet FXStreet (Bali) – Shaun Osborne, Chief FX Strategist at Scotia Bank, notes that upside risk are building for USD/JPY.

Key Quotes

“Risks are shifting following the completion of last week’s three-candle ‘morning star’ reversal pattern.”

“The formation is suggestive of upside risk, and we look to further gains with the potential for a break above the 9 day MA at 119.63.”
For more information, read our latest forex news. …read more

Source:: FX Street