USD/JPY Classical 03.29
USD/JPY: Has been very well supported on dips, and we look for the most recent sharp rebound to open additional upside over the coming days back above critical medium-term resistance at 93.75. The latest impressive rally from last Wednesday/Thursday reaffirms our outlook with the market establishing back above the 200-Day SMA for the first time since August 2009. Look for any intraday setbacks to now be well supported in the 91.00 area.
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