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Mar 08 - 04:55 AM

USD/JPY - Upside Potential Grows, Scope For Gains To Key Fibo

By Martin Miller  —  Mar 08 - 02:41 AM
  • Bulls have tightened their grip for bigger gains to 109.56 Fibo

  • 109.56 Fibo: 76.4% of the 111.71 to 102.60 (Mar 2020 to Jan 2021) EBS drop

  • Thursday saw an 101 pip gain, the biggest one-day rise since November 2020

  • That has led to a break and daily close above key 108.23 Fibo on Friday

  • 108.23 Fibo: 61.8% of the 111.71 to 102.60 (Mar 2020 to Jan 2021) EBS drop

  • USD/JPY Trader TGM2336. Previous update nL2N2L30KI

  • EUR/JPY has seen a 128.88-129.30 range on Monday, according to EBS prices

Daily Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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