USD/JPY to trade in technical range 126.50-130 this Week - Barclays

Barclays Research economists see the USD/JPY pairing in a 126.50-130.00 this Week.

USD/JPY to trade in technical range 126.50-130 this Week - Barclays

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.

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