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Sep 23 - 06:12 AM
USD/JPY - Teeters On The Edge, Drop To Cloud Top On The Cards
First appeared on eFXplus on Sep 23 - 04:20 AM
  • Bears need a daily close below the 107.53 Fibo, that would weaken the market

  • 107.53 Fibo is 23.6% of the 104.46 to 108.48 (August to September) rise

  • Weakened market would unmask the daily cloud top, which is now at 107.19

  • Break and daily close back above tenkan line, now at 107.96, needed by bulls

  • EUR/USD bears have the edge, but 2 Fibos critical to direction nL2N26E05D

  • EUR/JPY range has been 117.94-118.79, according to prices on the EBS

USD/JPY Trader:

Daily Ichimoku Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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