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USDJPY Technical Analysis

On the daily chart below for USDJPY, we can see that after breaking out of the minor downward channel, the price kept on rising slowly towards the 135 handle. Most of the selloff after the Silicon Valley Bank collapse has now been erased as the banking crisis has faded. The price is now near the key resistance at the 135 level and if the price breaks above it, we should see a rally back towards the 138 handle. The moving averages are crossed to the upside, so the buyers are in control for now. T... Read More

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Usdjpy

Technical

Analysis

Forex

Posted: Apr 19 2023, 08:34

Author Name: forexlive

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