FX BAZOOKA: technicals (Dec. 23)
USDJPY
USD/JPY is retracing a little lower from 104.60 (5-year high 104.60). Our next target for the pair lies at 105.55.
USD/JPY holds above the bullish H4 Ichimoku. The Kijun line lies above the Tenkan line, but both lines are flat.
The pair remains supported by the 55-day MA (102.85) and the 100-period MA (102.50);
H4 MACD histogram is declining and is below the signal line (bearish signal);
104.00/103.75 is the key area of support for now.
Support: 104.00/103.90, 103.75, 103.40
Resistance: 104.60, 105.00, 105.55
Chart. H4 USD/JPY
Upcoming events:
USD - 13:30 GMT - Core PCE Price Index
USD - 13:30 GMT - Personal Spending
USD - 14:55 GMT - Revised UoM Consumer Sentiment