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Thomson Reuters
Dec 28 - 07:24 AM
USD/JPY - Weekly Bollinger A Minimum Bear Target Early January
First appeared on eFXplus on Dec 28 - 05:25 AM
  • Weekly chart currently not the most reliable given flat lining averages
  • However, a close below the 110.50 55WMA could set up a 109.50 test next week
  • Very thin weekly cloud and twist noted. Twist next week at 109.65
  • Market still long USD/JPY so pain levels the focus
  • 30 Week Bolli is at 109.42 and see this as a minimum target early Jan
  • Rising 200DMA ties in with 100WMA at 111.04, could be pivotal near term

USD/JPY Weekly Ichimoku Chart: Click here

Source:
Thomson Reuters IFR Markets

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