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Oct 07 - 05:55 PM

USD/JPY - On The Verge Of Reversing The Downtrend From June

By Randolph Donney  —  Oct 07 - 03:40 PM
  • Shorts into now cleared 105.80-85 resistance thicket are now at risk

  • A close above the down TL from July & cloud top at 106.13/18 is a buy

  • On Thursday, the down TL drops to today's 106.11 EBS high

  • Prices set to close above the 55-DMA at 105.79 for first time since July

  • The 100-DMA and upper 30-day Bolli at 106.55/67 last are breakout targets

  • Tenkan at 105.53 needs to be closed below the revive the downtrend

    For more click on FXBUZ

Chart Click here

Source:
Refinitiv IFR Research/Market Commentary

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