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Sep 28 - 05:55 PM

USD/JPY - Techs Still Favor A Fade By 106, If It Can Get There

By Randolph Donney  —  Sep 28 - 03:00 PM
  • Inside day holds prices halfway between Aug-Sep range at 105.525

  • August's 107.05 high and September's 104.00 low on EBS

  • Daily RSIs have recovered from recent oversold bullish divergence readings

  • They're now cresting midrange in line with 50% Fibo being reached

  • Fades favored into 61.8% Fibo, cloud base and 55-DMA just below 106

  • Value seen by Sep. 21 high, Sep. 22 low at 104.90, tenkan at 104.85

  • For more click on FXBUZ

Chart Click here

Source:
Refinitiv IFR Research/Market Commentary

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