Technical Analysis

USDJPY continues the run greater. New highs.

Pattern line at 109.60

THe USDJPY continues the run greater after breaking above the previous damaged pattern line.   The upside is being helped by holding the 200 hour MA on the corrective transfer over the past two hours.   Bullish.  The 109.60 is an upside goal.  

Trend line at 109.60

Merchants are scrambling, helped by yields that are nonetheless up a superb quantity as we speak. The two yr is up 5.four bps. The 5 yr is up 7.18 bps. The 10 yr is up 6.zero bps. 

Shares are off highs however discovering dip consumers to date as we speak.  

ForexLive


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