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Apr 02 - 04:55 AM

USD/JPY - Faces A Big Hurdle But Bulls Standing Their Ground

By Peter Stoneham  —  Apr 02 - 02:40 AM
  • Up-move from a mid-March 146.49 low peaked just shy of 152.00 on Mar. 27

  • Sideways action below 151.97 top (EBS) a feature since a volatile Mar. 21

  • Current price action points to a test of the highs

  • However, daily RSI is flat lining in over bought territory

  • There have been a number of failures near 152.00 Since Oct. 2022

  • Price has been below 152.00 since at least 1998

    For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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