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Dec 12 - 05:55 AM

USD/JPY - Shorts At Risk As Bullish Credentials Improve

By Peter Stoneham  —  Dec 12 - 04:40 AM

  • Tight daily ranges clouding direction and leaving our short just on-side

  • Some bullish pointers leaving the 136.99 trade vulnerable

  • Long lower candle shadow Friday and a rising 200DMA

  • A Dec. 15 145.11-29 cloud twist could attract

  • Initial resistance 137.94, a minimum correction off the 151.94-133.62 drop

  • Bullish Harami candle on the weeklies also a bull risk

    For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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