The USD/JPY It went down again yesterday quickly. Attention returns to the previous basic target of 127.53/27 Credit Suissewhich now looks set to break more imminently.
USD/JPY seems to be pulling back
“Near-term risk appetite for USD/JPY, in line with our broader negative view.”
“Below 127.53/23 would open a move to the next support at 126.36 and eventually the 61.8% retracement of the 2021/2022 uptrend at 121.44.”
“Resistance is seen at 130.36, which is the key 21-day EMA, and then 131.12, ahead of the recent high at 131.58. A break above here would suggest a deeper move. A break above here would suggest a recovery.” deeper to 132.28, potentially 132.88, where we would look for a cap if reached.”
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
