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Japanese Yen Recalibrates Against US Dollar, Euro and Swiss Franc. Will Trends Return?

November 21, 2022

Via: DailyFX


USD/JPY has moved down into the Ichimoku Cloud and a break under it could signal an end to the bullish run. This may indicate a possible bearish trend unfolding.

Support could be at the previous lows of 137.67 and 135.81 or at the breakpoint of 135.57.

Previous support levels that have been broken might now offer breakpoint resistance at 143.53 and 145.11. Further up, resistance could be at the previous peaks of 148.85 and 151.95

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