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Jun 13 - 06:12 AM
USD/JPY - Bullish, Huge Falling TL From 2015 Comes Into Focus
First appeared on eFXplus on Jun 13 - 04:10 AM
  • USD/JPY's medium-term focus remains on the upside as huge falling TL in view
  • Major falling trend-line from 2015, 2016, 2017 peaks currently at 111.93
  • Near-term bulls are seeking a daily close above the 110.62 Fibo
  • A daily close above would unmask the 30-day upper bollinger-band at 111.02
  • Fourteen-day momentum remains positive, reinforcing the overall upside bias
  • Widening UST-JGB spread spur USD/JPY bulls ahead of Fed nL1N1TE09G

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