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Nov 26 - 06:12 AM
USD/JPY - A USD/JPY Close Back Below The Kijun Line Would Warn On A Top
First appeared on eFXplus on Nov 26 - 04:15 AM
  • Saw a close above kijun, tenkan lines at 108.69 and 108.72 respectively

  • That has unmasked 109.49 Nov (EBS) peak, close above which would be bullish

  • A close above 109.37 -- 61.8% of 112.40-104.46 -- would strengthen further

  • The intra-day setback is serious, a close back below kijun line will defer

  • Previous update nL1N28503Y. USD/JPY Trading Page TGM2336

  • EUR/JPY sees a 119.96-120.25 range, according to prices on the EBS

Daily Ichimoku Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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