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Jun 07 - 05:55 AM

USD/JPY - Chart Shows A 135.20 2002 High Probe Is On The Cards

By Martin Miller  —  Jun 07 - 04:05 AM
  • USD/JPY's bullish cycle looks set to extend higher towards 2002 135.20 peak

  • We are looking to get long on dips to the 131.90 level

  • 14-day momentum negative since May 18, but it turned positive last week

  • Tenkan and kijun lines positive aligned, further reinforcing the bull market

  • EUR/JPY sees a 141.13-142.02 Tuesday range so far, according to EBS data

  • USD/JPY Trader TGM2336 Previous USD/JPY update nL1N2XT0F8

Daily Chart: Click here

Monthly Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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