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Free AccessDirectional Triggers Remain In Place
- RES 4: 106.11 High Oct 7
- RES 3: 105.68 High Nov 11 and the bull trigger
- RES 2: 105.20 76.4% retracement of the Nov 11 - 18 sell-off
- RES 1: 104.76 High Nov 4 and key S/T resistance
- PRICE: 104.17 @ 06:07 GMT Dec 9
- SUP 1: 103.65 Low Nov 18
- SUP 2: 103.18/09 Low Nov 6 / Low Mar 12 and key support
- SUP 3: 102.75 1.00 proj of Oct 7 - Nov 6 downleg from Nov 11 high
- SUP 4: 102.02 Low Mar 10
USDJPY is unchanged. Recent price action has defined 103.65, Nov 18 low and 104.76, Nov 4 high as key short-term directional triggers. Clearance of 103.65 would signal scope for deeper losses and expose the bear trigger at 103.18, Nov 6 low. Recent attention has been on the Nov 9 price action, a bullish engulfing candle that signals a potential reversal. Gains above 104.76, Nov 4 high would refocus attention on 105.68.
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