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USDJPY Trend Support Remains Intact

  • The trend condition in USDJPY remains bullish and the latest pullback is considered corrective.
  • Moving average studies are in a bull-mode position, highlighting a dominant uptrend.
  • Support to watch is the 50-day EMA, and a trendline drawn from the Sep 16 ‘24 high.
  • A clear breach of both technical tools, would highlight a stronger reversal.
  • Key resistance and the bull trigger is 158.87, the Jan 10 high
JPY Curncy_23
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  • The trend condition in USDJPY remains bullish and the latest pullback is considered corrective.
  • Moving average studies are in a bull-mode position, highlighting a dominant uptrend.
  • Support to watch is the 50-day EMA, and a trendline drawn from the Sep 16 ‘24 high.
  • A clear breach of both technical tools, would highlight a stronger reversal.
  • Key resistance and the bull trigger is 158.87, the Jan 10 high
JPY Curncy_23