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Jul 13 - 03:55 AM

USD/JPY - Chart Shows A Market Building For Bigger Gains

By Martin Miller  —  Jul 13 - 02:10 AM
  • Scope grows for bigger gains to the September 2 138.50 high eventually

  • We are looking to get long at 136.30, ahead of the tenkan line at 136.25

  • Daily tenkan and kijun lines are positive aligned, reinforcing the bull mkt

  • Fourteen-day momentum remains positive, another bull sign

  • EUR/JPY sees a 137.15-137.73 Wednesday range so far, according to EBS data

  • USD/JPY Trader TGM2336 Previous USD/JPY update nL1N2YT0C5

Source:
Refinitiv IFR Research/Market Commentary

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