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Jun 17 - 06:12 AM
USD/JPY - Significant Demand Fade And Opportunity For Fresh Shorts
First appeared on eFXplus on Jun 17 - 04:45 AM
  • Slow progress and lack of positive momentum does not bode well for bulls
  • Friday rebound failed to batter recent highs
  • A real danger price settles back in its 107.81-108.80 June range
  • Daily RSI neutral and short-term averages flattening out
  • Wkly action hints at a bear continuation: must overcome 107.57 30WMA Bolli
  • Weekly momentum remains negative and RSI falling

USD/JPY Trader:

USD/JPY Daily Ichikomu Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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