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Apr 01 - 04:55 PM

USD/JPY - Showing Signs Of Resuming Its Sub-152 Stalled Uptrend

By Randolph Donney  —  Apr 01 - 02:35 PM
  • The USD/JPY uptrend firmed in its 8th day of consolidating below 152

  • Mon's 151.23-77 range neared March's 34-yr peak at 151.975 on EBS

  • And its 7-day range lows at 151 now have tenkan support at 151.12

  • A breakout above 152 remains likely unless prices close below the tenkan

  • A daily range above 152 would raise the prospect of twin Fibos by 155.20

  • the upper 30-day Bolli is rising toward 153 as interim resistance

For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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