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Nov 04 - 05:55 AM

USD/JPY - Chart Outlook Is Mixed As Momentum Turns Down

By Martin Miller  —  Nov 04 - 04:00 AM
  • USD/JPY has scope for a retest of the recent 32-year 151.94 peak

  • However 14-DMA turned negative at Thur's close = possible shift to downside

  • If USD/JPY falls and registers a daily close under 143.71 Fibo would weaken

  • 143.71 Fibo is a 38.2% retrace of to 130.40 to 151.94 (Aug to Oct) EBS rise

  • USD/JPY Trader TGM2336. Previous nL1N31Z0DM

  • EUR/JPY range has been 144.32-144.77, on Friday, according to EBS prices

Source:
Refinitiv IFR Research/Market Commentary

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