Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Jun 13 - 04:55 AM

USD/JPY - Chart Shows Scope For Bigger Gains To The Oct 1998 High

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

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2022 eFXdata · All Rights Reserved
!