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Apr 05 - 04:55 PM

USD/JPY - Uptrend And Quest For A 152 Breakout Persist After A Risky Dip

By Randolph Donney  —  Apr 05 - 02:40 PM
  • USD/JPY ending its 13th day of range trading just below 152

  • Brief breach of 151 support, then back above tenkan & 10-DMA at 151.39/49

  • A close above those averts a sell signal

  • And keeps a 152 breakout on the agenda

  • A close above 152 is needed to target the upper 30-d BB at 153.20 last

  • Bigger 161.8% Fibo targets are by 155.20

  • Extremely tight Bolli and ATR bands point to big breakout potential

  • If to the downside, the kijun and cloud top at 149.24 are key

For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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