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Nov 14 - 03:55 AM

USD/JPY - Chart Points To A Big Break Above Key Fibo, But Beware

By Martin Miller  —  Nov 14 - 02:50 AM
  • USD/JPY chart shows scope for moves through the 156.68 Fibo

  • 156.68 Fibo, 76.4% retrace of the 161.96 to 139.58 (July to Sept) EBS drop

  • Be mindful of the "cloud twist" Friday sub 146 which could see spot fall

  • A "cloud twist" is when the cloud extremes, senkou spans A and B, cross

  • If there is not a significant relapse this week, that would be bullish

  • USD/JPY trader TGM2336. Previous update nL1N3MK094

Source:
Refinitiv IFR Research/Market Commentary

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