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Nov 25 - 05:55 AM

USD/JPY - Chart Is Bullish, Expect Bigger Gains Through 116.00

By Martin Miller  —  Nov 25 - 03:50 AM
  • USD/JPY has broken, continues to trade well above 115.00 psychological level

  • Scope grows for much bigger gains through the 116.00 psychological level

  • Kijun and tenkan lines are increasingly positive aligned = bullish market

  • Fourteen-day momentum that remains positive, another bullish sign

  • Bull needs spot to remain above Wed's 114.82 low, close below will defer

  • USD/JPY Trader TGM2336. EUR/JPY EBS range, Thurs, has been 129.28-129.43

Daily Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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