#USDJPY @ 148.869 : Cautious ahead of the 149.50-150 resistance zone – OCBC
…
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 was last seen trading just below the 149 level. Economists at OCBC Bank highlight that the 149.50-150 area is an important resistance zone.
“Intervention risks are on the rise as the magnitude of USD/JPY gains is increasing.”
“Cautious ahead of 149.50-150 levels.”
“Bullish momentum on daily chart intact while RSI shows signs of turning from overbought conditions.”
“Resistance at 149.50. Support at 147.70, 146 levels.”
[/s2If]
Join Our Telegram Group
