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Jan 03 - 08:55 AM

USD/JPY - Signs Of Indecision At The Start Of The Year

By Peter Stoneham  —  Jan 03 - 06:50 AM

  • The New Year starts with big swings in USD/JPY leading to a Doji star

  • If held into the closet he star candle could warn of market indecision

  • Rebound from an eight month low, 129.51, could ring alarm bells for bears

  • Daily momentum remains negative, below the zero line since Nov. 3

  • However, a strong close could trigger a squeeze back to the 134.40-50 area

  • The 10 day moving average is at 132.40 and today's high currently 131.40

    for more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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