USDJPY rose on Monday, offsetting initial negative signal from Friday’s strong upside rejection (long upper shadow of Friday’s daily candle / potential bull-trap over 157.52 Fibo barrier) and keeping near-term bulls in play. Fresh advance pressures cracked Fibo level at 157.52 (61.8% of 160.39/152.88 bear-leg / 30DMA) break of which to open way for renewed […]The post USDJPY – Bulls Regain Traction on Improving Daily Studies / Weekly Bullish Engulfing appeared first on ActionForex.