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Jun 22 - 05:55 AM

USD/JPY - Propped By Key Technical Support: Bulls In Control

By Martin Miller  —  Jun 22 - 03:53 AM
  • USD/JPY has been propped by the kjun-line that underpins at 109.70

  • Tenkan and kijun lines are positive aligned, highlighting the bullish bias

  • Overall scope is for an eventual recovery above the 2021 110.97 (EBS) peak

  • Fourteen day momentum remains positive, has been positive for most of June

  • USD/JPY Trader TGM2336. EUR/JPY sees 131.25-131.57 EBS range Tuesday

Daily Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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