USDJPY bullish conditions remain intact and a pullback is considered corrective - for now. The pair has this week tested resistance at the top of the bull channel, drawn from the Jan 16 low which intersects at 140.86. This is a key resistance and a clear break of it would reinforce bullish conditions and open 141.61, the Nov 23 2022 high. For bears, a stronger reversal would highlight a potential top. Key support to watch is 137.79, the 20-day EMA.

Foreign Exchange Technical Analysis Homepage markets-real-time Bullet Markets Foreign Exchange News

Taso Anastasiou

Foreign Exchange Technical Analysis Homepage markets-real-time Bullet Markets Foreign Exchange News

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