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Sep 18 - 04:55 PM

USD/JPY - Bulls Waiting For 148 Breakout Toward Major Targets By 150

By Randolph Donney  —  Sep 18 - 03:00 PM
  • USD/JPY uptrend remains stuck below 148 for a 10th day

  • Bias remains bullish, but a 148+ close needed to begin next leg higher

  • The upper 21- and 30-day Bollis are near 148.50

  • The 161.8% Fibo off July's base is at 149.56

  • Upper 10-wk Bolli and 2023's rising channel top are by 150

  • Increased risk of a correction if resistance by 150 caps new 2023 highs

  • Last Thur and Wed's lows and tenkan at 147.02/6.93 are nearby props

  • Key supports are 30-DMA and kijun, last at 146.22/20.

For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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