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Jan 10 - 05:55 AM

USD/JPY's Recent Candle Hints At A Rejection Of The Downside

By Martin Miller  —  Jan 10 - 04:50 AM
  • USD/JPY left a small lower shadow on Monday's candlestick line

  • That is reinforcing a possible rejection of the downside

  • Scope is growing for an eventual break above last week's 145.98 (EBS) peak

  • Break, daily close above the 145.98 peak would increase the scope for gains

  • Fourteen-day momentum remains positive, reinforcing the bullish market

  • USD/JPY Trader TGM2336. EUR/JPY range has been 157.84-158.73

Source:
Refinitiv IFR Research/Market Commentary

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