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Apr 17 - 05:55 PM

USD/JPY's 152 Breakout Stalls Sub 155.00/20 Hurdles To Treat Overbought Risk

By Randolph Donney  —  Apr 17 - 03:45 PM
  • Overbought pressures forced first lower high since 152 breakout

  • Daily RSIs falling from highest since 2022, still at 77.6

  • Trailing 10-DMA, tenkan & up TL from March lows now near 153

  • The 155 level and twin Fibos by 155.20 remain key hurdles

  • 10-wk Bolli and weekly ATR tops are also at 154.80/5.22

  • They leave little space for further gains until next week

For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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