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JP Morgan eyes potential early-summer pullback in USD/JPY after reaching key levels
JP Morgan has recently weighed in on the technical outlook for the USD/JPY currency pair, highlighting potential levels of interest after the pair reached specific targets.According to JP Morgan, USD/JPY experienced a pullback after meeting its January-March equal swings objective at 140.384 and stalling just below the 141.707 January-March channel trend line. The bank believes that the 142.502 level, which is the 61.8% retracement of the October 2022 move, is among the resistances that could ca...
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Posted: Jun 14 2023, 15:06
Author Name: forexlive
Views: 081236