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Jan 16 - 04:55 AM

USD/JPY - Bulls Look Set To Grapple With A Key Technical Level

By Martin Miller  —  Jan 16 - 04:15 AM
  • USD/JPY continues January gains, tenkan and kijun lines are bullish aligned

  • However the upside could well be limited by the thickening daily cloud

  • The daily cloud currently spans the 145.91-146.76 region

  • A break and close above the daily cloud top would be very positive

  • USD/JPY Trader TGM2336. Previous update nL1N3E50GA

Source:
Refinitiv IFR Research/Market Commentary

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