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Mar 15 - 04:55 PM

USD/JPY - REFILE-BUZZ-Another Bullish USD/JPY Close Eyes Remainder Of 150.88-146.48 Feb-Mar Slide

By Randolph Donney  —  Mar 15 - 02:35 PM

Corrects misspelled word in headline

  • USD/JPY's rebound is now by 61.8% of the Feb-Mar slide at 149.20

  • And that by Feb. 29's key pre-March breakdown low at 149.21

  • Prices look set to close bullishly above the 50% and 13-DMA at 148.68/90

  • Above 149.20-21 the hurdles are the 30-DMA and 76.4% at 149.42/84

  • And 149.84 is March 4's low, last up day before a 4-day plunge

  • Kijun and tenkan at 148.68/52 are nearby support

  • The 55-DMA at 147.94 below Fri's 148.035 EBS low is more important

For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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