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Thomson Reuters
Oct 08 - 03:48 AM
USD/JPY - Decent Support Props USD/JPY At The Tenkan Line And Fibo
First appeared on eFXplus on Oct 08 - 02:30 AM
  • While USD/JPY's outlook mixed, decent support props preventing deeper fall
  • These include the tenkan line at 113.56 and the 113.42 Fibonacci level
  • 113.42 is a 23.6% retrace of the 109.48 to 114.55 (Aug to Oct) EBS rise
  • We remain long at 113.90 for eventual gains towards our 114.95 target
  • Obj below 115.33 Fibo, 76.4% of 118.66 to 104.56 (Dec 2016 to Mar 2018) fall
  • Bulls suffered setback, gains to key Fibo in the balance

USD/JPY Trader:

Daily Cloud Chart: Click here

Source:
Thomson Reuters IFR Markets

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