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Mar 18 - 04:55 PM

USD/JPY - Sees More Bullish Price Action, Has Nearby Hurdles Before 2024 Peak

By Randolph Donney  —  Mar 18 - 03:35 PM
  • USD/JPY's retracement of March's slide now by 21-, 30-DMAs at 149.40/44

  • A daily range above them could see 2024's 150.88 high retested

  • That and the 161.8% Fibo off March's base at 151

  • Monday's range was bullishly above the kijun and 13-DMA at 148.68/78

  • Previously O/S RSIs are now at neutral levels

  • That may slow the pace of the recovery

For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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