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Apr 06 - 05:55 PM

USD/JPY - Uptrend's Close To More Sell Signals, A Fade While Under 111

By Randolph Donney  —  Apr 06 - 04:42 PM
  • USD/JPY already sold on overbought daily, week RSIs rolling over

  • Uptrend's 110.97 EBS peak faltered by a 161.8% Fibo off Jan-Feb base

  • A close below last Tuesday's 109.75 low would be another sell signal

  • Rising 21-DMA, last at 109.34, is also pivotal on a closing basis

  • 23.6% of 2021's rebound and 200-WMA are next at 108.99/97

  • The mid-March consolidation range base at 108.34-40 looks crucial below

For more click on FXBUZ


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Source:
Refinitiv IFR Research/Market Commentary

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