USD/JPY Ripper Eyes First Major Hurdle
A breakout of the yearly opening-range in USD/JPY is now approaching the first major resistance hurdle at 139.58-140.33- a region define by the 50% retracement of the 2022 decline and 100% extension of the yearly ascent. Looking for a larger reaction there IF reached.
Support / Near-term bullish invalidation now raised to 137.47.
Michael Boutros, Sr Technical Strategist with FOREX.com
Twitter: MBForex
MBForex
Support / Near-term bullish invalidation now raised to 137.47.
Michael Boutros, Sr Technical Strategist with FOREX.com
Twitter: MBForex
MBForex
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.