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Dec 13 - 06:12 AM
USD/JPY - Sees Biggest Daily Rise Since Aug, Now Key Fibo In View
First appeared on eFXplus on Dec 13 - 03:55 AM
  • USD/JPY powers higher, registering the biggest daily rise since August 26

  • Thursday's gain was a decent 72 pips, according to EBS prices

  • That increases the chances of an even bigger recovery to the 110.53 Fibo

  • 110.53 is 76.4% retrace of the 112.40 to 104.46 (April to August) drop

  • The thick daily cloud, which spans the 107.62-108.36 region, props into 2020 We are long at 109.00 for 110.50. EUR/JPY sees a 121.37-122.58 EBS range

  • USD/JPY Trading Page TGM2336. Previous update nL1N28M064

Daily Ichimoku Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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