Looks interesting so far.
A well supported break up above the resistance line with good volume on the MFI and RSI paved the way for a potential reversal.
Notice once again the bounce off the purple 4hr ema. This could be a good chance to see a crossover of the blue and purple ema's tomorrow and looks as if it means business. The cross has happened on the green and the red and the blue and if these 3 can get close enough to that purple then there could be some fireworks next week.
Both the Pound and the Euro have had a great week or so against the Dollar and yet the Yen has been lagging. Will it catch up? Let's hope so.
What I am looking for here in the short term is a bounce back down to the 9.765 sort of level, then I will play the run up, and for the medium term I will be watching for the red 60m ema to get up to 9.770 and blue to 9.765. Then I feel there's an excellent chance for a strong Yen bounce
More as it happens
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