USD/JPY Ripper Eyes First Major Hurdle

A breakout of the yearly opening-range in USD/JPY is now approaching the first major resistance hurdle at 139.58-140.33- a region define by the 50% retracement of the 2022 decline and 100% extension of the yearly ascent. Looking for a larger reaction there IF reached.

Support / Near-term bullish invalidation now raised to 137.47.

Michael Boutros, Sr Technical Strategist with FOREX.com
Twitter: MBForex

MBForex