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ForexKei-Official
Oct 12, 2022 9:26 AM

USDJPY broke the resistance level Long

U.S. Dollar/Japanese YenFXCM

Description

Comment:
USDJPY broke the resistance level of 145.9 where BOJ intervened, and showing continuous uptrend.

Ichimoku trend Analysis (KTS):
- Kumo (Senko span A and B) up
- Kijun sen up
- Tenkan sen up
- Chiko span above candles

Next Scenario:
- Market can go up to 147.7 which is the resistance way back in Aug 1998.
- Once it breaks, possible to go up to 150 level.
- BOJ might intervene again, especially when it gets closer to 150 level.
- Watch out US CPI
Comments
mqungeba1
Nice one Kei
JoeChampion
Makes sense, i think we will have more fresh highs!
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