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May 26 - 08:55 AM

USD/JPY - Resumes Fall And Eyes Big Cloud Level

By Peter Stoneham  —  May 26 - 06:40 AM

  • Mild Wednesday correction into fresh losses early Thursday

  • The daily chart gives a bear target at 125.30, Ichimoku cloud top

  • 14-day momentum and daily RSI still confirming bear bias

  • We offer by 128.00 but may drop the trigger to 126.55 on a weak close

  • Also entertaining selling a break below 126.37

  • Weeklies set for third consecutive bear close

    For more click on FXBUZ









USD/JPY daily candle chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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