By Martin Miller — Jun 13 - 02:50 AM
USD/JPY's bullish cycle has marginally breached the 2002 135.20 peak
That has unmasked the October 1998 136.90 high
14-day momentum is positive, reinforcing the overall bullish market
The positive alignment of the tenkan and kijun lines is reinforcing this
Market is stretched near-term, so we are looking to get long on dips
Bid at the 133.25 level, which is ahead of last Thursday's 133.19 low
EUR/JPY sees a 141.04-141.77 Monday range so far, according to EBS data
USD/JPY Trader TGM2336 Previous USD/JPY update nL1N2XX0GV
Daily Chart: Click here
Source:
Refinitiv IFR Research/Market Commentary