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Nov 27 - 06:12 AM
USD/JPY - Bias Squarely On Upside While Above The Kijun Line
First appeared on eFXplus on Nov 27 - 03:50 AM
  • USD/JPY bias remains squarely on the upside, market above kijun and tenkan

  • Kijun and tenkan lines at 108.69 and 108.74 respectively

  • Overall scope is for eventual gains to retest the 109.49 November (EBS) peak

  • A break and daily close above the 109.49 peak, that would unmask 110.00

  • Close under kijun would defer. Previous update nL1N286057

  • EUR/JPY sees a 120.14-120.27 (EBS) range. USD/JPY Trading Page TGM2336

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Source:
Refinitiv IFR Research/Market Commentary

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