The USDJPY has continued its upward trend and in doing so has reached a swing zone between 157.55 and 158.42. The high price has so far reached 157.80.
The move to the upside based on Tuesday and early Wednesday against the 100 hour MA. The FOMC decision led to a run higher yesterday, and the BOJ decision today which was considered dovish because the BOJ is in no rush to move, gave the pair another stronger boost .
In the video above, I go from the daily chart, to the hourly and down to the 5-minute chart to explain the targets and also the potential pitfalls of a technical move. strong
