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Jan 29 - 03:55 PM

USD/JPY - Uptrend Wobbles But Is Intact While Above The Cloud

By Randolph Donney  —  Jan 29 - 02:15 PM
  • Long back near the 147.50 buy after nearing Jan. 24's 148.36 high

  • Jan. 24 saw a 148.36-6.65 dive caught by the tenkan

  • That tenkan was breached at 147.725 on Mon, 1st time since 142

  • Still no closes below the 100-DMA at 147.48 since Jan. 17 clearance

  • A close above 149.17, 76.4% of Nov-Dec dive, key for hitting 149.90 target

  • Stop at 146.44 is under cloud top, but it falls to 143.80 on Feb. 1

For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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