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Mar 27 - 04:55 PM

USD/JPY - Uptrend Inches Upward, But Range Above 152 Key To Next Leg Higher

By Randolph Donney  —  Mar 27 - 03:05 PM
  • USD/JPY uptrend persists, but with ever tinier new L-T highs

  • 2022's 151.94 peak eclipsed by Wednesday's 151.975 high

  • Pullback from peak was caught above Friday's 151 low

  • Friday being the last day with a new 2024 high

  • A daily range above 152 looks key to starting a fresh leg higher

  • That as a second pending bearish RSI divergence is watched

For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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