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Dec 13 - 04:55 AM

USD/JPY - Propped By Solid Daily Cloud Support This Month

By Martin Miller  —  Dec 13 - 02:47 AM
  • Thick daily cloud, that spans the 111.90-113.26 region, underpins

  • Daily cloud support has limited the downside throughout December so far

  • That increases scope for further gains to challenge kijun line at 114.03

  • A break and daily close above will accelerate further up to the 114.38 Fibo

  • 114.38 Fibo is a 61.8% retrace of the 115.52 to 112.54 November drop

  • Previous USD/JPY update nL1N2SV0DB. USD/JPY Trader TGM2336

  • EUR/JPY has seen a 128.15-128.44 range, according to EBS price data

Daily Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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