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Apr 11 - 01:55 PM

USD/JPY - Bullish Breakout Takes A Pause For The Cause, With 155 The Prize

By Randolph Donney  —  Apr 11 - 12:10 PM
  • USD/JPY's 152+ breakout to 34-yr highs consolidates Wed's big gains

  • Price action remains bullish, with the small dip to 152.76 scooped up

  • Daily RSIs at 77 are O/B, but with no bearish divergence

  • The 21- and 30-day Bolli tops are now at 153.55/89

  • And a short-term 161.8% Fibo is also nearby at 153.78

  • But major Fibos from 2023 bases are key targets by 155.20

  • Daily tenkan and 10-DMA now reinforce pre-breakout highs by 152 as support

For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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