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Jun 24 - 05:55 PM

USD/JPY - Bulls Looking For Bigger Discount After Twin 111.11 Highs

By Randolph Donney  —  Jun 24 - 03:41 PM
  • Uptrend intact, though capped by 111.11 for a second session

  • Close above 111 and prior 2021 peak at 110.97 would restart uptrend

  • Upper Bolli and moderately overbought RSIs are S-T issues

  • Rising tenkan and kijun at 110.365/9.84 support sub Wednesday's 110.625 low

  • The Kijun has provided good buying opportunities since mid-May

  • A topside breakout would face L-T hurdles in the 112.23-43 range

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Source:
Refinitiv IFR Research/Market Commentary

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