By Randolph Donney — Apr 15 - 12:05 PM
USD/JPY rises rapidly toward the next major technical targets at 155.00/20
The 155 level is a major psychological hurdle
While two 161.8% Fibo objectives off key 2023 lows are by 155.20
Breakout above 152, by prior two years' highs, brings 34-year highs
Daily RSIs are now most O/B since Oct 2022's key 151.94 price peak
Weekly ATR top @155.18 also lifts pullback risk before a 155.20 breakout
The daily tenkan is now by Friday's 152.60 low
The long-legged Doji off that low makes it more important support
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary