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Thomson Reuters
Nov 02 - 06:12 AM
USD/JPY's Upside Bias Grows, Should Fly With Close Above 30-DMA
First appeared on eFXplus on Nov 02 - 04:00 AM
  • Should see big gains if bulls manage to register a close back above 30-DMA
  • That would increase the odds for an eventual retest of the 30-day upper BB
  • 30-DMA, is currently at 112.85. 30-day upper bollinger-band at 114.15
  • Fourteen-day momentum remains positive, reinforcing the overall upside bias
  • We are looking to get long on near-term dips to the 112.45 level
  • Falls likely to be contained by cloud , now spans 111.74-112.37

USD/JPY Trader:

Daily Bollinger Chart: Click here

Source:
Thomson Reuters IFR Markets

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