#USDJPY @ 132.925 will eventually retest the 127.53/23 YTD lows – Credit Suisse
…
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 may see a near-term pause. Nevertheless, analysts at Credit Suisse continue to look for an eventual retest of the 127.53/23 year-to-date lows.
“Whilst we may see a near-term phase of consolidation, our broader outlook stays negative for an eventual break below the uptrend and then price support at 129.80 for a retest of the 127.53/23 YTD low and 50% retracement of the 2021/2022 uptrend.”
“Resistance at 135.12 now ideally caps a near-term consolidation phase. Above though can see a retest of 136.67/137.46.”
[/s2If]
Join Our Telegram Group
