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Jul 12 - 04:55 AM

USD/JPY - Charts Shows The Market Could Soar Above 138.00

By Martin Miller  —  Jul 12 - 03:00 AM
  • Scope is growing for bigger gains to the September 2 138.50 high

  • We are looking to get long at 136.30, ahead of the tenkan line at 136.25

  • Daily tenkan and kijun lines are positive aligned, reinforcing the bull mkt

  • Fourteen-day momentum remains positive, another bull sign

  • EUR/JPY sees a 137.31-138.03 Tuesday range so far, according to EBS data

  • USD/JPY Trader TGM2336 Previous USD/JPY update nL1N2YS0CN

Source:
Refinitiv IFR Research/Market Commentary

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