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Thomson Reuters
Nov 09 - 03:48 AM
USD/JPY - Boosted By Bullish Long White Candle Eyes 2018 Peak
First appeared on eFXplus on Nov 09 - 02:25 AM
  • On Thursday USD/JPY left a long white candlestick, meaning outlook bullish
  • The long white candlestick line formed with USD/JPY closed up 51 pips on EBS
  • Tenkan and kijun lines are positive aligned, reinforcing the bullish bias
  • Market also boosted by the daily close above the 113.80 Fibo
  • Long at 112.95 in anticipation for gains to our 114.45 raised target
  • Target is shy of the 114.55 2018 peak, trailing stop raised to 113.40

USD/JPY Trader:

USD/JPY Ichimoku Chart: Click here

Source:
Thomson Reuters IFR Markets

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