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Thomson Reuters
Jul 03 - 06:12 AM
USD/JPY - Bulls Eye Major Falling Trend-Line From 2015
First appeared on eFXplus on Jul 03 - 04:15 AM
  • Overall bias remains on the upside, though near-term corrections likely
  • Major falling trend-line from 2015 currently at 111.68 is in focus
  • We are looking to get long on dips towards the 30-DMA which at 109.97
  • 30-DMA has converged with the 109.98 Fibonacci level
  • 109.98 Fibo -- 38.2% retrace of the 108.12 to 111.14 (May to July) rise

USD/JPY Trader:

Daily Fibo Chart: Click here

Source:
Thomson Reuters IFR Markets

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