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Sep 19 - 04:55 AM

USD/JPY - Chart Shows Bulls Will Likely Take The Market Higher

By Martin Miller  —  Sep 19 - 02:50 AM
  • USD/JPY registered its fourth weekly close in a row above the 146.11 Fibo

  • That will likely see much bigger gains to the Oct 31 2022 148.84 EBS high

  • 146.11 Fibo, a 76.4% retrace of the 151.94 to 127.22 (2022 to 2023) fall

  • 14-week momentum remains positive, reinforcing the bull structure

  • EUR/JPY sees a 157.78-96 range, according to EBS prices, on Tuesday

  • USD/JPY Trader TGM2336. Previous update nL1N3AU0BG

Source:
Refinitiv IFR Research/Market Commentary

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