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USD/JPY: One More Rally To The Top?

Published 09/01/2022, 08:46 AM
Updated 10/05/2023, 10:02 PM

Bullish to Bearish: USD/JPY is currently at 139.55 and in a channel. If we can break 139.69, we are looking for a final move to the ATR Target) at 140.22 and then a reversal.

We have divergence in play and DXY topping out. Watch the DXY for any change in direction. The ATR for the pair currently is 126 pips per day, and its 180-day average is 125 pips per day. DXY is currently up in a sideways move.

USD/JPY price chart.

Latest comments

really interesting to see how much higher it goes
reached the resistant level 140.23 now waiting for correction. i hope will do same as your analysis. thanks
sell now,
sell now,
ok
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