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Thomson Reuters
Feb 12 - 07:24 AM
USD/JPY - Upside Break Looks Imminent As Wkly Resistance Gives Out
First appeared on eFXplus on Feb 12 - 05:20 AM
  • Nudge above converged 30DMA upper Bolli and 55DMA at 110.59
  • Monday's range break holding and price looking to the 200DMA at 111.28
  • Bearish divergence on slow stochs a concern but 14-day momentum positive
  • Favour buying dips with the low 110s possible on any corrective drop
  • Weekly break above cloud, 10WMA and 55WMA significant, closes above key
  • 100WMA next hurdle to clear at 110.80

USD/JPY Trader:

USD/JPY Daily Candle Chart: Click here

Source:
Thomson Reuters IFR Markets

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