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Apr 10 - 04:55 PM

USD/JPY - Big USD/JPY Breakout Above 152 Pauses Pre-153+ Resistance, But 155 Is Doable

By Randolph Donney  —  Apr 10 - 03:40 PM
  • USD/JPY finally broke out above 152 after 15 days to 34-yr highs

  • Those highs are pinned up against 153 thus far

  • Upper 10-week and 30-day Bolli resistance is now at 153.50/53

  • Daily RSIs are O/B, but breakout could reach twin Fibos by 155.20

  • Extremely tight daily Bollis and ATR tops have already been cleared

  • The 13-wk BB and ATR-projected tops are now at 153.16/65

  • Supports have trailed up toward the prior 152 cap and tenkan at 151.90

  • Kijun is also now on the rise again at 149.73

For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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