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Apr 13 - 05:55 PM

USD/JPY - Eyes Bearish Sub-30-DMA Close, Fades And 109 Break Sells Favored

By Randolph Donney  —  Apr 13 - 04:10 PM
  • Techs favor fading a USD/JPY bounce to the daily kijun, now at 109.65

  • The kijun is by Tuesday and Monday's 109.75/77 EBS highs

  • Eying 1st close below 30-DMA (109.19) since Jan. 22's 103.60 close above

  • March's 109 low, 23.6% Fibo of 2021's uptrend & 200-WMA are crucial props

  • Clean break below 109 opens a path to the 38.2% Fibo at 107.77

For more click on FXBUZ


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Source:
Refinitiv IFR Research/Market Commentary

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