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Thursday, February 23, 2023

Technical: Japanese Yen short-term price outlook: USD/JPY rally fizzles

Forex Factory
 
 
Alert Alert Feb 24, 2023, 3:30am
 
Technical: Japanese Yen short-term price outlook: USD/JPY rally fizzles
The Japanese Yen has been under pressure for the past few weeks with USD/JPY rallying back into the January highs. Although the broader outlook remains constructive, the threat for a near-term pullback rises while below a key resistance pivot just higher. These are the updated targets and invalidation levels that matter on the USD/JPY short-term technical ...
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