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Feb 10 - 03:48 PM

USD/JPY - Dip Buying Favored While Above 30-DMA, 110.53 Eyed

By Randolph Donney  —  Feb 10 - 02:45 PM
  • Latest lunge above the 30-DMA targets upper 30-d Bolli @110.55

  • Rallies since August have all hit or nearly hit that Bolli

  • That Bolli is now by 76.4% of 2019's slide at 110.53

  • Friday and January's highs at 110.04/30 are interim hurdles

  • Friday and today's lows caught by the rising 21-DMA, now at 109.56

  • 38.2% of the 108.305-110.04 rebound & 30-DMA are at 109.38/33

  • Tenkan and 50% are at 109.17, kijun and 61.8% are at 108.98

Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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