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Northbound

USDJPY TECHS
  • RES 4: 150.00 Psychological round number
  • RES 3: 149.71 High Oct 24 2022
  • RES 2: 149.10 High Oct 25 2022
  • RES 1: 148.96 High Sep 25
  • PRICE: 148.92 @ 06:37 BST Sep 26
  • SUP 1: 147.29/145.91 20-day EMA / Low Sep 11
  • SUP 2: 145.40 50-day EMA
  • SUP 3: 144.45 Low Sep 1 and key support
  • SUP 4: 143.30 Low Aug 10

The USDJPY trend needle continues to point north and the pair traded to a fresh cycle high Monday. The focus is on 149.10 next, the Oct 25 2022 high. Moving average studies remain in a bull mode position, highlighting the market's positive sentiment. Further out, scope is seen for a climb towards the 150.00 handle. On the downside, firm support lies at 145.91, the Sep 11 low.

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