USDJPY refreshes 20-year highs
Technical Analysis:
Momentum is bullish, Stochs and RSI are sharply higher
Volatility is high and rising, major moving averages are biased higher
ADX and MACD support upside, Chikou span is biased higher
GMMA indicator shows major and minor trend are strongly bullish
Major Support and Resistance Levels:
Support - 128.54 (5-DMA), Resistance - 131
USD/JPY likely to extend bullish streak. Scope for test of 2002 high at 135.16.
Momentum is bullish, Stochs and RSI are sharply higher
Volatility is high and rising, major moving averages are biased higher
ADX and MACD support upside, Chikou span is biased higher
GMMA indicator shows major and minor trend are strongly bullish
Major Support and Resistance Levels:
Support - 128.54 (5-DMA), Resistance - 131
USD/JPY likely to extend bullish streak. Scope for test of 2002 high at 135.16.
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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.