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Nov 05 - 06:55 AM

USD/JPY - Remains Propped Up By The Rising 200-DMA

By Martin Miller  —  Nov 05 - 04:40 AM
  • USD/JPY remains propped by the rising 200-DMA that is currently at 151.60

  • 14-day momentum remains positive, reinforcing the bullish market structure

  • A break above October 28 153.88 high would add to the upside bias

  • A break and daily close below the 200-DMA would shift the bias lower

  • USD/JPY trader TGM2336. Previous update nL1N3MB07H

Source:
Refinitiv IFR Research/Market Commentary

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