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Feb 07 - 04:55 PM

USD/JPY - Uptrend Is On Hold Awaiting Breakout Past 149.14-20 Resistance

By Randolph Donney  —  Feb 07 - 02:35 PM
  • USD/JPY briefly breached 10-DMA prop in correction of its 145.90-8.90 rise

  • Still held above the 100-DMA and daily tenkan at 147.48/40

  • Dec-Feb 140.27-48.90 rise eyes Fibo, ABC and key Nov lows at 149.14-20

  • And to negate current bearish RSI divergence from Jan/Feb 148.80/90 highs

  • 2022/23's 32-yr peaks at 151.94/92 remain a huge hurdle

For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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