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Jun 01 - 05:00 PM

USD/JPY - Bulls Will Likely Push Spot Well Above Cloud Supply

By Martin Miller  —  Jun 01 - 03:15 AM
  • USD/JPY continues to trade within the thick 106.71-108.41 daily cloud

  • Friday's setback found support at 107.06 on the EBS before rebounding

  • Friday's low was just ahead of kijun line that remains at 107.04

  • USD/JPY looks set to break the upper bounds of cloud in coming sessions

  • Tenkan and kijun lines are positive aligned, reinforcing the bullish market

  • USD/JPY Trader TGM2336. EUR/JPY range has been 119.67-119.96 on the EBS

  • EUR/USD bulls eye key Fibo resistance after large gains nL1N2DD09H

Daily Ichimoku Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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