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Aug 12 - 05:55 AM

USD/JPY - Big Levels Left Intact After Thursday Rebound

By Peter Stoneham  —  Aug 12 - 04:10 AM

  • Thursday rebound from the daily cloud base puts dollar back in play

  • Big support intact, cloud base 131.69, 100DMA 131.36 and 130.40 Aug 2 low

  • Initial upside stall point 133.59, 10DMA: levels taken off EBS prices

  • Cloud top the big resistance at 134.61: break opens up 135.58 Aug 8 high

  • Ichimoku cloud looks to hold the key for near-term direction

  • Long lower candle shadows on weeklies offers dollar some hope

    For more click on FXBUZ









Source:
Refinitiv IFR Research/Market Commentary

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