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Jun 14 - 05:55 PM

USD/JPY - Good Day For Bulls As Choppy Uptrend Spies The Highs

By Randolph Donney  —  Jun 14 - 04:12 PM
  • USD/JPY extending Friday's rise after using the 10-DMA as support

  • Breach of 110 opens possible path to twin June peaks at 110.325 on EBS

  • Buying dips favored given the choppiness of the uptrend since April

  • Up TL across May & June highs will be at 110.52 on Tuesday, possible cap

  • Up TL from April-May lows at 109.30 Tuesday, by Fri's low, key MAs

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Source:
Refinitiv IFR Research/Market Commentary

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