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Jan 02 - 06:55 AM

USD/JPY - Risk To 143.00 As Correction Takes Hold

By Peter Stoneham  —  Jan 02 - 04:50 AM
  • Conflicting signals at the start of the year

  • An indication the longer-term down trend is in need of an adjustment

  • A Dec. 28 hammer candle gave warning of a rebound

  • Today's 140.82-141.67 bounce has eased some of the over sold condition

  • A minimum correction of the 151.92-140.27 drop is at 143.02

  • The 10DMA and Tenkan line are at 141.93-EBS

  • Bullish potential but bear trend still alive: we stand aside for now

    For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


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