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Nov 20 - 04:55 PM

USD/JPY - Ball Back In Bears' Court To Restart Stalled Downtrend

By Randolph Donney  —  Nov 20 - 03:20 PM
  • USD/JPY's downtrend has stalled above Wednesday's 103.555 EBS low

  • Bears got a 38.2% Fibo of week's drop at 104.22 Wednesday to fade

  • But now need downtrend to resume to maintain the bearish momentum

  • 10-day Bollis are starting to tighten, but 21- & 30-days aren't

  • Falling lower 21- and 30-day Bollis are above November's 103.18 lows

  • 103.18 and March 12's 103.10 pullback low are downside pivot points

  • March 10 low at 102.02 is the last stop before 2020's 101.18 low

    For more click on FXBUZ

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Source:
Refinitiv IFR Research/Market Commentary

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