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Dec 08 - 05:55 AM

USD/JPY's Growing Scope For Gains Above Tech Resistance

By Martin Miller  —  Dec 08 - 03:36 AM
  • A thick daily cloud, that spans the 111.90-113.31 region, underpins

  • That increases scope for a further gains to challenge kijun line at 114.03

  • A break and daily close above will accelerate further up to the 114.38 Fibo

  • 114.38 Fibo is a 61.8% retrace of the 115.52 to 112.54 November drop

  • Previous USD/JPY update nL1N2SS0IN. USD/JPY Trader TGM2336

  • EUR/JPY has seen a 127.93-128.22 range, according to EBS price data

Daily Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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