USDJPY trades above last week's high

  • The USDJPY moves into a swing area between 154.54 and 155.09. Moves above the high from last week at 154.704.
USDJPY

The USDJPY is extending to a new session high after testing is 61.8% retracement earlier in the day at 153.397 and finding willing buyers.

The market to the upside has now taken the price to a high of 154.75. That has extended above the high price from last week at 154.704. The buyers are making a play.

The swing high going back to July 30 came in at 155.21, and that becomes the next key target on the topside for the pair.

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