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Apr 08 - 06:55 AM

USD/JPY - Respect For Resistance But Pressure Building

By Peter Stoneham  —  Apr 08 - 04:35 AM
  • Dollar continues to respect the 152.00 line in the sand

  • However, as we wrote last week, a break is in the offing

  • Despite fading, daily momentum remains positive

  • Daily RSI on the rise but is in over bought territory

  • Weekly action holding above the 10WMA, 150.27

  • Friday's 150.81 low now pivotal support

  • We lean bullish and will monitor a 152.00 break

    For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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