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Oct 17 - 03:55 AM

USD/JPY - Nearing Up-Trend Resistance And Potential Pullback

By Peter Stoneham  —  Oct 17 - 02:00 AM

  • Sharp USD/JPY gains last week, clearing prior 2022 high of 145.90 (EBS)

  • Price again nearing an up-trend line off the April highs, today at 149.38

  • The 161.8% Fibo off August' s base is at 149.52

  • Beyond that there's little until 1990's 160.35 high

  • The initial, big psychological, level is at 150.00

  • We look to exploit a corrective pullback to the daily Tenkan, 146.20

    For more click on FXBUZ









Source:
Refinitiv IFR Research/Market Commentary

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