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Jan 19 - 04:55 PM

USD/JPY - REFILE-BUZZ-USD/JPY-Shorts Hold Stronger Hand After Week's Failed Rebound Attempt

By Randolph Donney  —  Jan 19 - 03:10 PM

Adds missing headline

  • USD/JPY shorts helped by Wed's roundly rejected rebound to 131.58

  • The rejection by the 13-DMA and 55-WMA created a bearish candlestick

  • Mon's 127.215 trend low held just above 50% of the 2020-22 uptrend @126.56

  • As well as last May's 126.37 major low

  • Rebound was aided by Tues's range back above the lower 30-day Bolli

  • The 30-d Bolli will be between 127.215-6.56 on Fri by our 129.90 target

For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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