USD/JPY Outlook: Rally Above Daily Cloud Approaches Key Fibo Barrier/200DMA

<p>The pair jumped above thickening daily cloud on Tuesday and approaching pivotal barriers at 108.17/25 (Fibo 38.2% of 111.71/105.98 / 200DMA), with the action being boosted by fresh risk mode and exodus from safe havens. Today’s extension above 55DMA (107.52) and former high at 107.76 (11 May) adds to positive signal, generated on Monday’s marginal […]</p>
<p>The post <a rel="nofollow" href="https://www.actionforex.com/contributors/technical-analysis/296394-usd-jpy-outlook-rally-above-daily-cloud-approaches-key-fibo-barrier-200dma/">USD/JPY Outlook: Rally Above Daily Cloud Approaches Key Fibo Barrier/200DMA</a> appeared first on <a rel="nofollow" href="https://www.actionforex.com">Action Forex</a>.</p>