USDJPY Trend Support Remains Intact
Jan-23 15:39By: Taso Anastasiou
- The trend condition in USDJPY remains bullish and the latest pullback is considered corrective.
- Moving average studies are in a bull-mode position, highlighting a dominant uptrend.
- Support to watch is the 50-day EMA, and a trendline drawn from the Sep 16 ‘24 high.
- A clear breach of both technical tools, would highlight a stronger reversal.
- Key resistance and the bull trigger is 158.87, the Jan 10 high
