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Feb 26 - 04:55 PM

USD/JPY - On The Cusp Of New 2024 Highs As Support For 32-Yr Highs Builds

By Randolph Donney  —  Feb 26 - 02:45 PM
  • USD/JPY uptrend is back up by 2024's 150.88 high on EBS

  • Mon's 150.30 low is above the prior dn TL off the 150.88 Feb. 13 high

  • And above the rising daily tenkan line at 150.17

  • 2024's up TL meets the cleared dn TL on Wed at 150.05-11

  • Rising lower 10-d Bolli is also supports 2024's up TL

  • A close above 150.88 would put in play 2023/22's 151.92/94 peaks

  • That would complete the retracement of the Nov-Dec 151.92-140.27 drop

For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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