The USD/JPY has rallied decisively today, aided by the shift in Japanese bond sentiment.
The pair has broken several short-term levels and moving averages. At the time of writing, it was trading bang in the middle of the 144.00 -144.80 resistance area, formerly support. We also have the 21-day exponential moving average residing here.
As things stand, the next key upside target for the USD/JPY is now positioned near the 145 mark. Should price approach or breach it, we might begin to see growing confidence among longer-term bulls.
On the downside, key support is seen around the 142.50 level. Bearish below towards 140.00 next.
By Fawad Razaqzada, market analyst with FOREX.com
The pair has broken several short-term levels and moving averages. At the time of writing, it was trading bang in the middle of the 144.00 -144.80 resistance area, formerly support. We also have the 21-day exponential moving average residing here.
As things stand, the next key upside target for the USD/JPY is now positioned near the 145 mark. Should price approach or breach it, we might begin to see growing confidence among longer-term bulls.
On the downside, key support is seen around the 142.50 level. Bearish below towards 140.00 next.
By Fawad Razaqzada, market analyst with FOREX.com
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。