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Wednesday, March 1, 2023

Technical: USD/JPY Price Analysis: Bears pressure trendline support

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Alert Alert Mar 2, 2023, 4:55am
 
Technical: USD/JPY Price Analysis: Bears pressure trendline support
USD/JPY could be setting itself up for a fade on rallies to break trendline support. The following illustrates a bearish bias given the week's template so far. {chart} On the face of it, things would appear bullish given the trendline and holding above the 135.20s horizontal support that guards 134.05 below it. {chart} However, when zooming down to the ...
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