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Thomson Reuters
Nov 08 - 05:00 AM
USD/JPY - Set For Bigger Rise Once Key Fibo Is Overcome
First appeared on eFXplus on Nov 08 - 03:00 AM
  • Found support on Wed just ahead of the daily cloud top, now at 112.94
  • Spot has since rebounded, scope grows for gains to the 2018 114.55 peak
  • Was a brief break of 113.80, a 76.4% of 114.55 to 111.38 Oct (EBS) fall
  • Bulls now need a daily close above the 113.80 Fibo to strengthen upside
  • We remain long at 112.95 for a 114.20 target, stop raised to 112.90
  • Bulls have built ahead of huge technical support ,

USD/JPY Trader:

Daily Ichimoku Chart: Click here

Source:
Thomson Reuters IFR Markets

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