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Nov 10 - 04:55 AM

USD/JPY - Chart Highlights The Negative Outlook

By Martin Miller  —  Nov 10 - 02:40 AM
  • USD/JPY bears focus on key Fibo, a daily close below would be negative

  • Fourteen-day momentum remains negative, highlighting the bearish market

  • If USD/JPY falls, closes under 143.71 Fibo, the downside risk would increase

  • 143.71 Fibo, a 38.2% retrace of to 130.40 to 151.94 (Aug to Oct) EBS rise

  • Looking to get short at 146.90. USD/JPY Trader TGM2336. Prev nL1N3250Q8

  • EUR/JPY range has been 146.43-146.74, on Thursday, according to EBS prices

Source:
Refinitiv IFR Research/Market Commentary

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