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Apr 12 - 04:55 PM

USD/JPY - Sports Bullish Long-Legged Candles Amid Uptrend's Correction

By Randolph Donney  —  Apr 12 - 03:00 PM
  • USD/JPY's 152 breakout slows, but long-legged daily candles underpin

  • Friday's low breached Thursday's lows

  • But prices then bounced right back up to by flat

  • S-T O/B pressure relieved by the dip to 152.60 from 153.39 high

  • Daily RSIs heavy in the 70s and nearby Bollis and ATR tops cap for now

  • Fibo objectives by 155.20 off major 2023 bases are potential targets

  • Uptrend intact while ranges are above tenkan, S-T MAs by prior c152 peaks

For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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