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Oct 05 - 04:55 AM

USD/JPY - REFILE-BUZZ-USD/JPY Chart Still Bearish, But Beware Of Bullish Crossover

By Martin Miller  —  Oct 05 - 02:35 AM

Changed "to" to "of" in the title

  • USD/JPY scope for an eventual slump to the major 103.67 Fibo

  • 103.67 Fibo is a 76.4% retrace of the 101.18 to 111.71 March rise

  • We are looking to get short on recovery attempts to 105.66

  • Our offer is ahead of the daily cloud base supply that is at 105.82

  • Daily tenkan and kijun lines have crossed positively = bullish

  • EUR/JPY range on Monday has been 123.51-123.90, according to EBS prices

  • USD/JPY Trader TGM2336

Daily Ichimoku Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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