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Thomson Reuters
Sep 06 - 06:12 AM
USD/JPY - Support Swells At Fibo, 30-DMA, As Cloud Battle Rages
First appeared on eFXplus on Sep 06 - 04:05 AM
  • Battle continues to rage within daily cloud, which spans 110.65-111.47
  • Market broke above the cloud top on Wednesday
  • There is solid support ahead of the key 111.10 Fibo
  • 111.10, a 61.8 retrace of the 110.69 to 111.76 recent rise
  • Plus 30-DMA nearby at 111.11 also props the market
  • We are looking to get long on dips to 111.20 as a result

USD/JPY Trader:

Daily Ichimoku Chart: Click here

Source:
Thomson Reuters IFR Markets

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