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Mar 25 - 04:55 PM

USD/JPY - Uptrend Looking For A Route To New 32-Year Highs, Intact Above 151

By Randolph Donney  —  Mar 25 - 02:55 PM
  • USD/JPY uptrend from March's lows remains intact

  • But yet to clear 2022/23's 151.92/94 peaks after 3 attempts

  • A daily range above 152 would help solidify a breakout

  • Beyond a high from 1990 at 152.23, upper Bollis are nearby hurdles

  • Twin 161.8% Fibos off Dec and Jan 2023 bases are by 155.20

  • Some risk of bearish RSI divergence if 152-plus breakout is fleeting

For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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