USD/JPY to find a floor at key support of 137.51/06 – Credit Suisse USDJPY Technical Analysis Banks
With a small bullish ‘reversal day’ seen here on Friday we continue to look for the ‘neckline’ at the December/May base and 200-day average, seen at 137.51 and 137.06 to ideally prove a better floor for consolidation initially ahead of an eventual move higher again.
A close below 137.06 though would raise the prospect a more important peak may have been established in late June, with support seen next at 136.15.Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
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