#USDJPY @ 143.436 set to target the 150 level – BofA
…
This is a premium post.
[s2If !current_user_can(access_s2member_level4)]Please register for PREMIUM VERSION HERE to read full post below containing analysis. In case of any error or you think you are not able to read the full post below, please email us at support#nehcap.com [lwa][/s2If] [s2If current_user_can(access_s2member_level4)]
USD/JPY has somewhat stabilised after a choppy week. But maintain economists at Bank of America Global Research maintain a bullish bias targeting a move towards 150.
“Still a strong uptrend with potential to see 149.53/150 in the next leg of a broad USD rally. Since the secular breakout in 1Q22, USD/JPY continues to break higher and reach our long list of big upside targets.”
“The next three levels are the 38.2% head and shoulders target of 145.18, the peak in 1999 was in the 147s and an A=C target is 149.53.”
[/s2If]
Join Our Telegram Group
