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Apr 15 - 05:55 PM

USD/JPY - On Slippery Slope, Greased More If 108.40's Closed Below Friday

By Randolph Donney  —  Apr 15 - 03:40 PM
  • USD/JPY offers now making sense below the cresting 30-DMA at 109.28

  • Bearish consecutive closes below 109, 23.6% of 2021's uptrend and 200-WMA

  • The weekly on-close pivot point at 108.405 on EBS is key on Friday's close

  • There's Fibo-projected and weekly tenkan support near 108

  • But the 38.2% Fibo of 2021's uptrend at 107.77 is the next major target

    For more click on FXBUZ

Chart Click here

Source:
Refinitiv IFR Research/Market Commentary

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