Key Technical Bullets:

  • Found support twice into hourly 144 & 169 EMA’s

  • 13-hour sma remains above 144 & 169 ema’s (bullish)

  • Broke above Triangle resistance around 97.90

  • RSI confirmed the triangle break higher

  • Height of triangle pattern is 185 pips

  • Hourly RSI is finding support into prior triangle resistance (bullish)

  • June 24th high near 98.70 may prove resistive

  • Triangle pattern measured move objective ~99.75

USDJPY

The information and opinions in this report are for general information use only and are not intended as an offer or solicitation with respect to the purchase of sale of any currency. All opinions and information contained in this report are subject to change without notice. This report has been prepared without regard to the specific investment objectives, financial situation and needs of any particular recipient. While the information contained herein was obtained from sources believed to be reliable, author does not guarantee its accuracy or completeness, nor does author assume any liability for any direct, indirect or consequential loss that may result from the reliance by any person upon any such information or opinions.

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