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May 17 - 05:55 AM

USD/JPY - Chart Shows A Market That Will Likely To See Big Gains

By Martin Miller  —  May 17 - 03:45 AM
  • Scope for USD/JPY gains to retest May 137.78, March 137.90 (EBS) peaks

  • Long tail on last Thur's candle, reinforces the recent downside rejection

  • Friday's big gain adds to the upside bias, as does positive 14-day momentum

  • The positive alignment of the daily tenkan, kijun lines are also bullish

  • Trader TGM2336. Prev nL1N37D0EV. Trapped dollar bulls? nL1N37E0FD

  • EUR/JPY has seen a 148.12-148.65 (EBS) range so far on Wednesday

Refinitiv IFR Research/Market Commentary


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