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Nov 11 - 01:55 PM

USD/JPY - Oversold Bounce Fading Options Eyed Amid Broader Breakdown

By Content Admin  —  Nov 11 - 11:45 AM
  • USD/JPY's 5% two-day breakdown broke below key supports

  • 2022's up TL, 100-DMA and 23.6% of 2020-22 uptrend at 139.96/40.79/41.16

  • Fri's 138.76 low held above the 61.8% Fibo of the Aug-Oct advance at 138.63

  • As well as the daily cloud base at 138.15

  • Look to fade rebounds toward Fri's hi & 38.2% of 148.445-138.76 @142.48/46

  • The 38.2% of 2020-22's rise & 161.8% Fibo off Oct. 21's wide are @132.55/40

For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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