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Jun 16 - 05:55 PM

USD/JPY - Breakout Eyes 2021 And 2020 Highs, Dip Toward 110.17 A Buy

By Randolph Donney  —  Jun 16 - 04:23 PM
  • Major breakout beyond prior June peaks at 110.325 on EBS

  • Prices already near 2021's 110.97 high from January

  • Potential to test 2020's spike high and monthly cloud top at 112.23/43

  • Value above Tuesday's 110.17 high if S-T overbought RSIs spark pullback

  • Stop could be placed below today's technically well-supported 109.80 low

For more click on FXBUZ


Chart Click here

Source:
Refinitiv IFR Research/Market Commentary

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