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Sep 28 - 05:55 PM

USD/JPY - Ripe For Some Retracement If 111.66 Peak Holds Again

By Randolph Donney  —  Sep 28 - 03:52 PM
  • USD/JPY's 111.64 high Tuesday right by July's 2021 peak at 111.66 on EBS

  • Prices a bit overbought on daily studies, but no clear top signal yet

  • 10-week Bollis expanding from tightest since 2014, upper band at 111.82

  • Above July's high, 2020/19 highs and monthly cloud top are at 112.23/40/43

  • Initial support is by 111, better value by 110.40 kijun and Sept. 23 high

  • But limited pullbacks since 109.12 base, so may be too far below

For more click on FXBUZ


Chart Click here

Source:
Refinitiv IFR Research/Market Commentary

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