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Thomson Reuters
Nov 30 - 03:48 AM
USD/JPY's Hammer Hints The Downside Is Being Rejected
First appeared on eFXplus on Nov 30 - 02:25 AM
  • USD/JPY left a hammer on Thur's candle = hints the downside being rejected
  • That increases the scope for eventual gains above this week's 114.03 peak
  • A break and daily close above 114.03 would be very bullish
  • We remain long at 113.20 for 114.15, meanwhile our stop is below kijun line
  • Kijun, the midpoint of the last 26 trading days, is now at 112.80
  • USD/JPY bulls battling to stay above the crucial tenkan line

USD/JPY Trader:

Daily Ichimoku Chart: Click here

Source:
Thomson Reuters IFR Markets

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