The yen remains under pressure and the correction that began back in early June at 144.88 came to an end after testing137.37 in a running expanded flat correction. The next strong rally higher is now ready to develop. We will be looking for a clear break above 144.88 and 145.64 soon for a rally towards 149.79 as the next upside target. In the long term, even more upside towards 164.50 should be expected.
In the short term, only a break below support at 140.90 will revive the corrective consolidation from 144.88 and add renewed downside pressure to 133.44.
Relevance up to 06:00 2022-10-15 UTC+2 Company does not offer investment advice and the analysis performed does not guarantee results. The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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