USD/JPY Price Analysis: Bulls stay front side of trend and above the 134 figure but correction eyed USDJPY Currencies Technical Analysis
Bulls are in control but need to commit to any pullback on the front side of the micro trendline. , we have seen the bulls take hold of the lifeline from trendline support and the bias remains significantly bullish for the week ahead. It was stated that ´´the bulls will need to commit, however, to the trendline support and preferably to above 132.50/70 for prospects of a breakout above 134.00.
However, it would be reasonable to expect a correction, and the support area as illustrated above could be tested in the coming sessions, or even as far as the trendline support into the depths of the 133s. A break of trendline support would be troublesome, however:Information on these pages contains forward-looking statements that involve risks and uncertainties.
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