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Thomson Reuters
Nov 07 - 06:12 AM
USD/JPY - Bulls Building Ahead Of Huge Technical Support
First appeared on eFXplus on Nov 07 - 04:05 AM
  • USD/JPY gains hit 113.82 in Asia, 2 pips above 113.80 Fibo, before faltering
  • 113.80 level, a 76.4% retrace of the 114.55 to 111.38 October fall
  • USD/JPY bulls can continue to count on solid support below
  • Solid 30-DMA at 112.90, daily cloud top at 112.93 and kijun line at 112.97
  • We have placed our bid at 112.95 to take advantage of dips
  • Bulls had been tightening the grip on USD/JPY

USD/JPY Trader:

Daily Ichimoku Chart: Click here

Source:
Thomson Reuters IFR Markets

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