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(M2) Correction Extends


Late Session Rebound


(M2) Corrective Cycle Remains In Play


(M2) Gains Still Considered Corrective

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Still Heading North

  • RES 4: 112.23 High Feb 20, 2020
  • RES 3: 111.71 High Mar 24
  • RES 2: 111.30 High Mar 26, 2020
  • RES 1: 110.97 Intraday high
  • PRICE: 110.85 @ 06:40 GMT Mar 31
  • SUP 1: 109.75 Low MAr 30
  • SUP 2: 109.13 Low Mar 26
  • SUP 3: 108.46/41 20-day EMA / Low Mar 23 and key support
  • SUP 4: 107.82 Low Mar 5

USDJPY continues to push higher with the bull trend firmly intact. The move last week above 109.36, Mar 15 high confirmed a resumption of the uptrend and note, 109.56 has been breached, a key retracement - 76.4% of the Mar 2020 - Jan downleg. Tuesday's move above 110.00 opens 111.30, Mar 26, 2020 high. Overbought conditions are still not impacting this trend and instead continues to reinforce current sentiment. 108.41 is key support.

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