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Thomson Reuters
Oct 24 - 08:36 AM
USD/JPY - Sharp Snap Back But Bears Still In Control
First appeared on eFXplus on Oct 24 - 05:40 AM
  • A snap back from Tues sub-112.00 low but seen corrective only
  • Will take a break back above recent 112.89 high to damage bearish outlook
  • Daily stochs have turned over but bearish momentum has eased up
  • Some balance returning to the market but we will maintain a 112.30 short
  • Looking for 111.05: stop was lowered, will lower again on 112.00 break

USD/JPY Trader:

USD/JPY Daily Candle Chart: Click here

Source:
Thomson Reuters IFR Markets

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