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Thomson Reuters
Jun 12 - 07:24 AM
USD/JPY - Bears Back In The Game After 10DMA Failure
First appeared on eFXplus on Jun 12 - 06:05 AM
  • Price not comfortable above the 10DMA, 108.46, and slips back into range
  • Negative 14-day momentum and falling RSI still confirming underlying bias
  • Note that early June action took price below the monthly cloud base
  • Close on the month below would be a significant bear signal: base at 108.35
  • Weekly Ichimoku values all aligned bearishly and price below the tenkan
  • June's low and the first post-flash-crash weekly low at 107.81/77 key props

USD/JPY Trader:

USD/JPY Daily Candle Chart: Click here

USD/JPY Monthly Ichimoku Chart: Click here

Source:
Thomson Reuters IFR Markets

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