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Jan 25 - 05:55 AM

USD/JPY's Bearish Technical Outlook Persists

By Martin Miller  —  Jan 25 - 04:05 AM
  • USD/JPY chart shows the upside is very limited nL1N3490BE

  • Scope for losses to 126.56 Fibo, 50% of 101.18-151.94 (2020-2022) EBS rise

  • Fourteen-week momentum remains negative, reinforcing the bearish market

  • We are short at 129.90 for 126.80 target, our stop is above 131.58 peak

  • USD/JPY Trader TGM2336. EUR/JPY range has been 141.60-142.28, Wednesday

Source:
Refinitiv IFR Research/Market Commentary

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