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Aug 01 - 05:55 PM

USD/JPY - Tightening Exits On USD/JPY Short From 133.99 With Key Props Nearby

By Randolph Donney  —  Aug 01 - 03:20 PM

  • Short from 133.99's stop and target tightened after Monday's 131.60 low

  • Low is by several key supports as daily RSIs got oversold

  • New target at 131.50 by June 16's swing lows, Tue's cloud base @131.49/48

  • Those just above May's high and 61.8% Fibo of May-July rise at 131.35/34

  • The profit stop is now at 132.60, above Friday's low and the hourly kijun

  • For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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