USD/JPY now moved into a consolidative phase – UOB

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USD/JPY now moved into a consolidative phase – UOB
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USD/JPY now moved into a consolidative phase – UOB – by pabspiovano USDJPY Technical Analysis Currencies Majors

is now seen navigating the 134.75-137.00 range in the next weeks, commented FX Strategists at UOB Group Quek Ser Leang and Peter Chia.24-hour view: “USD traded between 134.77 and 135.77 before closing at 135.69 . USD traded on a firm note upon opening and upward momentum is beginning to build. From here, USD could edge higher to 136.50. The major resistance at 137.00 is unlikely to come under threat. Support is at 135.60 followed by 135.25.

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