Technical Update - USDJPY testing key resitance
The USDJPY pair has rebounded to the 0.618 retracement and key resistance at around 149.20. If it is rejected and fails to close above, the pair could slide back to 148.15 possibly lower.
A daily close above 149.20 level indicates short-term potential to reach the February peak at around 150.84, with the 2022 peak at 151.95 also in sight.
The RSI is showing negative sentiment, suggesting that USDJPY is likely to be rejected at the 149.20 resistance. However, an RSI close above the 60 thresholds would change this outlook
A daily close above 149.20 level indicates short-term potential to reach the February peak at around 150.84, with the 2022 peak at 151.95 also in sight.
The RSI is showing negative sentiment, suggesting that USDJPY is likely to be rejected at the 149.20 resistance. However, an RSI close above the 60 thresholds would change this outlook