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USDJPY moves to new highs and looks toward 2024 high at 150.88

February 27, 2024 by admin 0 Comments

USDJPY extends to new highs

The USDJPY is moving to a new session high and in the process is extending above a swing area between 150.718 and 150.774. The next target comes against the high price from 2024 which was reached on February 13 at 150.88 (see chart above).

Get above that level and traders will look toward the 2023 high price at 151.91. That high is near the high price from 2022 at 1.5194 (double top). Needless to say, the level is a key target for all traders going forward.

For now, buyers are in control.

USDJPY tests 2024 highs with 2023 and 2022 high above

This article was originally published by Forexlive.com. Read the original article here.