USD/JPY: 55 MA acted as support again

USD/JPY: 55 MA acted as support again

0211usdjpyH4.png

The lower "Window" has acted as support, so the pair is likely going to test the nearest resistance. If any bearish pattern forms little later on, there'll be an opportunity to have a decline towards the Moving Averages.

0211usdjpyH1.png

The 55 Moving Average has acted as support once again. Also, there isn't any reversal pattern so far. Therefore, bulls are likely going to continue pushing the price higher in the short term.

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