USD/JPY Gains Bullish Momentum, US GDP Grows 6.4%

Today's Key Highlights: USD/JPY started a strong increase from the 108.60 support zone. It broke a major bearish trend line with resista...


Today's Key Highlights:

USD/JPY started a strong increase from the 108.60 support zone.

It broke a major bearish trend line with resistance near 108.90 on the 4-hours chart.

The US GDP grew 6.4% in Q1 2021 (Prelim), similar to the last reading.

EUR/USD corrected lower from 1.2260, GBP/USD remained well bid above 1.4100.

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Markets Analysis 8843113055852599805

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