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May 02 - 04:55 AM

USD/JPY - Chart's Solid Support Limiting A Bigger Setback

By Martin Miller  —  May 02 - 03:00 AM
  • Recently climbed through 130.00, unmasking April 15 2002 132.40 (EBS) high

  • Tenkan and kijun lines are positive aligned, highlighting the bullish market

  • We are looking to get long on dips to 129.35, ahead of tenkan line at 129.11

  • Note solid support was found at 129.33 on Friday ahead of the tenkan line

  • EUR/JPY sees a 136.81-137.25 Monday range so far, according to EBS data

  • USD/JPY Trader TGM2336 Previous update nL2N2WR0V8

Daily Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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