USDJPY Chart Technical Outlook a last drive higher to 151.30 completes the cycle
USD/JPY – the rally has stalled close to the 78.6% pullback of 150.50. This would suggest we are building a topping formation known as a Butterfly. This will be completed at 151.31. Bespoke support is located at 150.03.
Resistance: 150.50 (78.6%), 150.85 (swing high), 151.31 (butterfly)
Support: 150.03 (bespoke), 149.69 (Feb 20 base), 149.21 (yesterday’s low)
