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Jan 04 - 02:55 AM

USD/JPY - Bumps Into Long-Term Fibo That Might End Bull Run

By Ewen Chew  —  Jan 04 - 01:48 AM
  • USD/JPY bumps into Fibo retracement of 2015-2016 plunge

  • Inability to cross 115.81 resistance may end bull run

  • But Tues close above 114.98 will preserve s/t momentum

  • That would affirm daily Bollinger uptrend channel in effect

  • If that support holds, further upside still possible

  • Rising US yields become main driving force for FX markets

  • For more click on FXBUZ




Source:
Refinitiv IFR Research/Market Commentary

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