These are the technical levels that you should be watching.
Initial resistance occurs at 129.40
“We see USD/JPY trading within a technical range between 126.5-130.0 this Week.”
“On the downside, support is seen at 127.10 [daily Ichimoku conversion level], 126.50 [last week’s lowest], 125 (psychological threshold), and 123.90 (“daily Ichimoku baseline”).
“Resistance starts at 129.40 (recent peak). The focus will then be on whether the couple can surpass the psychological threshold at 130.
