Forex

Support & resistance levels for USD/JPY

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  • CitiFX Technicals flags ranges for USDJPY: USDJPY set a brand new development excessive at 131.35 earlier than retracing decrease and ending the day indecisive. On the shut, worth motion skilled triple momentum divergence on the development excessive (certainly one of our high 3 favourite indicators),” Citi notes.
  • “If worth motion follows by and trades decrease, the first assist to observe is 128.63 (Might 2022 low). A detailed under 128.63, if seen, would full a double high and recommend a goal of 126 with intermediate assist at 126.95…Prefers expressing draw back through crosses together with EURJPY and AUDJPY,” Citi provides.

131.35, 128.63 and 126.95 marked within the chart under:

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