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Dec 16 - 04:55 AM

USD/JPY - Has Soared To Overcome Two Key Tech Levels: Bullish

By Martin Miller  —  Dec 16 - 02:40 AM
  • On Friday USD/JPY rose to register a close above the 152.71 and 153.66 Fibos

  • 152.71, 153.66 Fibos are 50%, 61.8% retrace of 156.76 to 148.65 (EBS) drop

  • That could well pave the way for bigger gains in coming sessions

  • The thickening and rising daily cloud support, now spans 147.15-152.02

  • We are long at 151.10 in anticipation for big gains, trailing stop at 152.90

  • USD/JPY Trader TGM2336. Previous update nL1N3NE07B

Source:
London Stock Exchange Group | Thomson Reuters

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