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Apr 03 - 04:55 PM

USD/JPY - Keeps Pressing Toward A 152-Plus Breakout, With Supports Now Nearby

By Randolph Donney  —  Apr 03 - 03:00 PM
  • USD/JPY remains in a holding pattern just below 152 and 34-yr highs

  • But pullbacks have become increasingly shallow

  • Tues and Wed's lows are by the cresting 10-DMA and daily tenkan

  • The 13-DMA, now at 151.26, tends to be more pivotal than the 10-DMA

  • A sub tenkan and 13-DMA close could target kijun/cloud top at 149.23

  • Above 152 is the up TL from Feb-March highs, Thur at 152.22

  • Then the upper 30-day Bolli, Thur near 153.15

  • And twin Fibos from 2023 key lows are by 155.20

For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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