USD/JPY penetrated downtrend resistance yesterday but closed back below the line. Today the line is drawn at 82.35. A close above would be a further bullish signal along with yesterday’s close above 82.00. Keep an eye on the 10 and 21-day moving averages: They look like they could cross bullishly in the next day or so, a signal for some medium-term trend-followers to close close short positions.
