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Sep 23 - 05:55 PM

USD/JPY - Recovery Tangles With Kijun, Hurdles By 106 Reachable

By Randolph Donney  —  Sep 23 - 04:30 PM
  • Recovery from historical support, oversold signals persists

  • USD/JPY pierced its daily kijun hurdle at 105.43 on EBS

  • A close above there opens way to 30-, 55-DMAs at 105.82/6.08

  • The 55- and 100-DMAs capped July, August and September rebounds

  • The 55-DMA is by the thinning daily cloud base at 105.98

  • Bulls in charge while closes are above the tenkan at 105.13

    For more click on FXBUZ

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Source:
Refinitiv IFR Research/Market Commentary

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