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Apr 18 - 05:55 PM

USD/JPY - Consolidates Inside Trend High Day's Range, 155.00/20 Still Eyed

By Randolph Donney  —  Apr 18 - 04:05 PM
  • USD/JPY uptrend consolidated for a second day below Tues's 154.79 peak

  • Also the second day trading inside Tuesday's 153.90-4.79 range

  • Daily RSIs slightly less O/B, but still high at 79

  • May take more consolidation to reset and let MAs catch up with prices

  • 155 remains the key psychological hurdle

  • With M-T 161.8% Fibo targets by 155.20

  • Not much above there until 2024's up-channel top at 156.64.

For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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