Saxo

Technical Update - USDJPY breaking resistance eyeing 2022 peak

Long
SAXO:USDJPY   U.S. Dollar / Japanese Yen
USDJPY broke above resistance at around 149.75 extending its uptrend that weas confirmed when closing above 148.80
Trading around the 1.618 projection of the latest correction there is no strong resistance until the 2022 peak at around 152
To demolish this bullish picture a close below 148.80 is needed

Kim Cramer Larsson
Technical Analyst

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