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Thomson Reuters
Jun 03 - 06:12 AM
USD/JPY - FX Traders Likely To Exploit Any Rebound To 10DMA
First appeared on eFXplus on Jun 03 - 03:35 AM
  • Bear grip tightens as Frid action breaks recent range base
  • Daily momentum and RSI confirm latest bout of weakness
  • Market now contained by 10DMA at 109.43 and last week's 109.93 high
  • Marginal breach of the monthly cloud also significant, base at 108.36
  • Note that monthly momentum also flips to negative
  • We have an offer by 108.90 to exploit adjustments

USD/JPY Trader:

USD/JPY Daily Candle Chart: Click here

USD/JPY Monthly Ichimoku Chart: Click here

Source:
Thomson Reuters IFR Markets

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