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Jul 14 - 05:55 AM

USD/JPY - CORRECTED-BUZZ-USD/JPY Bulls Will Likely Charge At The Key Sept 1998 High

By Martin Miller  —  Jul 14 - 03:55 AM

Corrects Sept 1998 high on 1st line

  • USD/JPY bulls poised to launch an attack on the Sept 1998 139.95 (EBS) high

  • Daily tenkan and kijun lines are positive aligned, reinforcing the bull mkt

  • Fourteen-day momentum remains positive, this is another bullish sign

  • We are looking to get long at 137.50 which is ahead of Thursday's 137.36 low

  • EUR/JPY sees a 137.99-139.50 Thursday range so far, according to EBS data

  • USD/JPY Trader TGM2336 Previous USD/JPY update nL1N2YU0AE

Source:
Refinitiv IFR Research/Market Commentary

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