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Nov 13 - 06:55 AM

USD/JPY - Chart Points To A Retest Of The 2022 High

By Martin Miller  —  Nov 13 - 05:05 AM
  • Daily chart points to much bigger gains in coming sessions

  • Spot hits new 2023 highs, note bullish alignment of tenkan and kijun lines

  • Scope for an eventual break above the 2022 151.94 peak

  • While the 152 psychological level is also vulnerable for an attack

  • 14-day momentum remains positive, reinforcing the overall bullish market

  • Interim support comes in at Fri's 151.23 (EBS) low and that could well prop

  • USD/JPY Trader TGM2336. Previous update nL1N3CB0KQ

Source:
Refinitiv IFR Research/Market Commentary

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