USD/JPY TECHNICAL ANALYSIS: WEEKLY CHART
In the weekly chart, USD/JPY is trading in up channel.
USD/JPY is currently trading below all SMA.
RSI is in buying zone, which shows bullishness. Stochastic is suggesting up trend.
Its immediate support is at 137.966 & the resistance is at 139.757
The USD/JPY is trading upward and is following a higher high structure on the weekly chart. Price has recently broken through strong resistance and reached a week-old high. Currently, the price is challenging its second barrier; if it breaks through, additional gains are expected.
USD/JPY TECHNICAL ANALYSIS: DAILY CHART
In the daily chart, USD/JPY is trading in up channel.
USD/JPY is currently trading above all SMA.
RSI is in buying zone, which shows bullishness. Stochastic is suggesting up trend.
Its immediate support is at 138.749 & the resistance is at 139.774
The USD/JPY is trading upward and is following a higher high structure on the daily chart. Price has recently broken through strong resistance and reached a previous day high. Currently, the price is challenging its second barrier; if it breaks through, additional gains are expected.
