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Refinitiv
Nov 28 - 09:48 PM
USD/JPY - IP Missed - Bias Higher, Close Key For Next Week
First appeared on eFXplus on Nov 28 - 07:50 PM
  • Flat in Asia after an inside day - no response to a slew of data

  • The miss in IP at -4.2% against the -2.1% poll stands out nL4N28729E

  • Charts - momentum studies 5, 10 & 21 DMAs head north - bullish setup

  • Five days of higher lows supports further gains and a topside bias

  • Close above the weekly cloud would be a positive signal for next week

  • Has not closed above the weekly cloud since April, then 109.86 200 WMA

  • December 2018 was the last close above the 200 week moving average.

jpy nov 29 Click here

Source:
Refinitiv IFR Research/Market Commentary

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