Technical Analysis

USDJPY breaks above the 100 day MA. Extends to new session highs/new yr highs

Consumers stay in management after sharp run greater.

The USDJPY will not be stopping its run greater began after the higher than anticipated GDP.  US yields are serving to. The 10 yr is up four.three bps at 2.7258%. The low yield reache 2.657%

Buyers remain in control after sharp run higher.

Additionally serving to are the technicals.

Previous to the higher knowledge, the pair was buying and selling simply above the 200 and 100 hour MA (stable blue and inexperienced traces at 110.755 adn 110.802 presently).  The pair moved as much as take a look at the 200 and 100 day MAs (see stepped blue and inexperienced traces). The value has simply moved above every of these MA traces with a bit of extra momentum. The value simply reached 111.49.   Keep above every retains the bulls firmly in management now. 

The value is now buying and selling on the highest degree since December 20.  Threat is the 200 day MA at 111. 297. 

ForexLive


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