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Jun 10 - 05:55 PM

USD/JPY's June Base Under The Gun, Ragged April-June Uptrend Stalled

By Randolph Donney  —  Jun 10 - 03:52 PM
  • Bearish USD/JPY rejection from Thursday's 109.80 intraweek high on EBS

  • This week's lows are all close to the 30-DMA, last at 109.27

  • 38.2% Fibo of April-June rise & June's low at 109.24/19 are key on close

  • Choppy uptrend from April low is nominally intact while above 108.565

  • The 108.565 level is the April-June 61.8% Fibo and May 25 swing low

For more click on FXBUZ


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Source:
Refinitiv IFR Research/Market Commentary

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