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Feb 08 - 04:55 PM

USD/JPY - Opens A Door To 2022/23'S 32-Year Highs Above Final Fibo

By Randolph Donney  —  Feb 08 - 02:50 PM
  • USD/JPY flirting with a close above 76.4% of Nov-Dec drop at 149.17

  • Breakout currently being constrained by the upper 10-day Bolli

  • That after Thur's lows used the 10-DMA as support

  • Only hourly supports ahead of the 10-DMA and Thur's lows

  • A close above 149.17 eyes Nov. 22-27 highs at 149.55-75 before 150

  • Bigger resistance is from 2022/23's 32-yr highs at 151.94/92

For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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