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Thomson Reuters
Oct 31 - 07:24 AM
USD/JPY's Charge Halted Right At A Key Fibo, Value On Dips
First appeared on eFXplus on Oct 31 - 05:35 AM
  • USD/JPY's bullish charge halted by the 113.34 Fibonacci level
  • 113.34 Fibo is a 61.8 percent retrace of the 114.55 to 111.38 (EBS) Oct fall
  • A break and daily close above 113.34 Fibo will unmask 113.80 (76.4%)
  • Monday and Tuesday saw the third and second biggest one-day gains of Oct
  • Big gains are reinforcing the overall bullish potential
  • Looking to get long on dips, the rising daily cloud (111.48-112.00) props

USD/JPY Trader:

Daily Fibo Chart: Click here

Source:
Thomson Reuters IFR Markets

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