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Mar 28 - 09:55 PM

USD/JPY - Uptrend Is On Extended Sub-152 Hold, Needs A Breakout Soon

By Randolph Donney  —  Mar 28 - 02:31 PM
  • USD/JPY ending seven straight days stuck just below 152

  • So far, also in the third straight year with sub-152 peaks

  • Breakout and daily ranges above 152 are needed to resume the uptrend

  • That as rising 10-DMA, tenkan approach the 151 five-day range base

  • Minor bearish daily and weekly RSI divergences from 2024's price highs

  • Major support is at 149.23 from the kijun and cloud top

  • Big upside breakout could target twin 161.8% Fibos by 155.20.

For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


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