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Nov 28 - 03:48 AM
USD/JPY's 2Nd Biggest Nov Gain Clears Key Fibo, Unmasks 110
First appeared on eFXplus on Nov 28 - 01:55 AM
  • USD/JPY saw the second biggest daily gain of November on Wed = bullish

  • Registered a daily close above the 109.37 Fibonacci level

  • 109.37 Fibo is 61.8% of the 112.40 to 104.46 (April to August) drop

  • Spot also broke and closed above the 109.49 Nov (EBS) peak, so 110 unmasked

  • Our bid is at 109.15. Previous update nL1N287069

  • EUR/JPY sees a 120.34-120.57 (EBS) range. USD/JPY Trading Page TGM2336

Daily Ichimoku Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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