USD/JPY: Potential top in the 149.17/150.00 zone – Credit Suisse USDJPY Banks
“Our bias remains for a deeper push higher into the 147.62/153.01 zone with resistance above 147.62/68 seen next at 148.42 ahead of trend resistance from April at 149.17. With rare gap resistance from August 1990 seen at 149.31 and the psychological 150.00 barrier just above, we look for a potential top in this 149.17/150.00 zone.”
“Support is seen at 146.86 initially with the immediate bias seen higher whilst above 146.52. A break can see a deeper setback to the 13-day exponential average at 145.70/64, but wit h fresh buyers expected here.”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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