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Technical Update - Mixed trends on JPY pairs: USDJPY, EURJPY, AUDJPY & GBPJPY

From home.saxo

USDJPY is once again testing the 0.786 retracement ant resistance at around 143.40. USDJPY is in an uptrend and RSI is positive supporting the bullish view of a likely break of the resistance. A close above 143.40 is likely to fuel a rally to the 1.382 projection at 148 with resistance at around 145. If USDJPY slides back below 141.50 is could be caught range bound between 143.40 and 138 for quite some time To reverse the uptrend a close below 137.20. EURJPY is once again trying to test the 158 strong resistance. RSI is still positive but below the 60 threshold just around its falling trendline. A close above 60 is ... (full story)

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  • Category: Technical Analysis