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Apr 02 - 04:55 PM

USD/JPY - Presses Up Toward 152 Breakout As Big Pause Nears Its Conclusion

By Randolph Donney  —  Apr 02 - 02:45 PM
  • USD/JPY uptrend stalled below 152 for a tenth day

  • But Tues was the fourth straight day with higher lows

  • Tuesday's 151.46 lows on EBS was caught by the 10-DMA

  • Uptrend needs a breakout and daily ranges above 152 to resume

  • Some false breakout risk from up TL off Feb-Mar peaks at 152.18

  • Or by the upper 30-day Bolli by 153

  • A successful breakout could hit target twin Fibos by 155.20

  • A close below the tenkan and recent range lows at 151.12/00 is bearish

  • Kijun and cloud top props are well below at 149.23

For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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