Japanese Yen Technical Analysis: AUD/JPY, GBP/JPY, USD/JPY Key Levels
Japanese Yen Technical Analysis: AUD/JPY, GBP/JPY, USD/JPY Key Levels 2021-05-05 03:00:00 Daniel Moss, Analyst Japanese Yen, AUD/JPY, GBP/JPY, USD/JPY, Cycle Analysis – Talking Points: Cycle analysis suggests the Japanese Yen may be at risk of extended losses against its major counterparts in the coming months. Ascending Triangle hints at gains for AUD/JPY rates. Ascending Channel pattern guiding GBP/JPY rates higher. Key support at 109.00 holding firm for USD/JPY. The Japanese Yen has faced significant headwinds in recent weeks, as climbing sovereign bond yields put the carry-trade bac...
Source: dailyfx.com