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Sep 16 - 06:12 AM
USD/JPY - Bulls Look Set To Fill The Gap And Test A Key Fibo
First appeared on eFXplus on Sep 16 - 03:55 AM
  • Scope for a recovery to fill the NY close/Asia open 108.10/107.60 gap

  • Daily cloud, 107.19-34, has propped and could provide a platform for gains

  • Scope for a bullish resumption above the 108.43 Fibonacci level eventually

  • The 108.43 Fibo is a 50% of the 112.40 to 104.46 (April-August) down-leg

  • We are long at 107.65 for our 108.90 target, our stop is at 107.05

  • EUR/JPY range has been 119.02-119.51. Previous USD/JPY update

USD/JPY Trader:

Daily Ichimoku Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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