Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Feb 27 - 04:55 PM

USD/JPY - Bounces Off 2024'S Uptrend Line, With New Trend Highs Awaited

By Randolph Donney  —  Feb 27 - 02:50 PM
  • USD/JPY pulled back almost to 2024's up TL with a 150.08 low

  • Low just above our bid at 150.05

  • Well off the lows since but still below Feb's 2024 peak at 150.88

  • Uptrend from Feb's 145.90 swing low intact with closes above 2024's up TL

  • The daily tenkan at 150.17 is also pivotal on a closing basis

  • Broader bull target is 2023/22's 151.92/94 peaks

  • That after clearing 76.4% of Nov-Dec 151.92-140.27 drop at 149.17

For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2024 eFXdata · All Rights Reserved
!