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Mar 28 - 05:55 PM

USD/JPY - Looking To Buy USD/JPY At 122.50, But Retest Of 2015'S High Might Come First

By Randolph Donney  —  Mar 28 - 03:55 PM

  • Near-vertical March advance closing gap on 2015's 125.86 peak on EBS

  • Prices closed well beyond 76.4% Fibo of the 2015-16 slide last week

  • Bid just above last week's highs in case there's a dip to buy before 125.86

  • Monthly RSIs are now overbought, but a 125.86+ close is a buy

  • March's rally surged above an inverted H-&-S neckline dating back to 1998

  • Breakout past 2015's highs could see new highs for this millennium

    For more click on FXBUZ


Chart Click here

Chart Click here

Source:
Refinitiv IFR Research/Market Commentary

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