Dollar-yen is trading in gains for the third consecutive session after the cross tested its 50DMA. The average is currently at around 152.2, this was met following heavy trading on FX intervention from Japanese authorities
Some shorts were targeting levels as low as 150.0, the 50DMA and support from February highs stood on the way
Looking up to 160.0, 156.3 stands as resistance. If short-term resistance is breached, the next level to watch will be 158.0
top of page
Search
bottom of page
Comentarios