The 4-hour chart of USDJPY shows a strong uptrend over the past few weeks. As it has been steadily rising from a low around 146.58 in early October to its current level of 153.42. Price action shows strong green candlesticks with minor pullbacks, which is typical of a healthy, trending market. The overall trend remains bullish. Moving averages MA(5), MA(10), and MA(30) are bullishly aligned, and are all sloping upwards. The price is consistently trading above all three moving averages. This alignment is a strong confirmation of an established uptrend. MACD line and signal line are both above the zero line, confirming ... (full story)