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Nov 18 - 05:55 AM

USD/JPY - Found Support Just Ahead Of Converged Technical Support

By Martin Miller  —  Nov 18 - 04:25 AM
  • Drop found support ahead of tenkan and kijun lines that converge at 113.85

  • Overall bias remains on the upside with increasing scope for bigger gains

  • The expectations is for gains towards the March 10 2017 115.51 high

  • Fourteen-day momentum remains positive, reinforcing bullish market structure

  • A break and daily close under the tenkan and kijun lines will defer

  • USD/JPY Trader TGM2336. EUR/JPY EBS range, Thurs, has been 129.09-44

Daily Chart: Click here

Refinitiv IFR Research/Market Commentary


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