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Thomson Reuters
Apr 12 - 07:24 AM
USD/JPY - Risk Of Full Fibo Retrace If Weekly Cards Fall Right
First appeared on eFXplus on Apr 12 - 05:25 AM
  • Two-day rally takes price clear above the 200DMA to 111.97
  • We have met our 111.90 target and might look to buy dips to 111.50 200DMA
  • Next port of call topside the upper 30DMA Bollinger at 112.24
  • Weekly action shows a cloud breach at 109.65 and nearing 200WMA, 112.04
  • Clse abv cloud and avg could open up a full retrace of 114.55-104.10 drop

USD/JPY Trader:

USD/JPY Daily Ichimoku Chart: Click here

Source:
Thomson Reuters IFR Markets

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