My technical assessment of the USD/JPY currency pair’s performance has not changed because the broad trend is still bullish.
The resistance levels 137.85, 139.20, and 140.00 are the bulls’ ultimate goals in relation to the current performance, respectively.
The two blue lines in chart which indicate simple moving average 50 and 200 are signaling bullish trend. In addition, the MACD line is about to break the signal line and the MACD bars has already turned to light red.
• There is resistance 137.152 followed by resistance at 137.558 and 139.04.
• There is support at 136.474, Below, there is 136.180 and 136.502.
Note: We do not suggest any investment advice, and these analyses are just to increase the traders’ awareness but not a certain instruction for trading.
Comments are closed.