By Peter Stoneham — Apr 12 - 04:40 AM
Tighter price action with a bid holding just below Mon's 125.77 high
Uptrend neared 2015's 125.86 peak, the highest level since 2002
Also closing on the 161.8% off the Mar. 31 base
Last nearby hurdle past 125.86 is the 161.8% Fibo off 2021's base at 126.33
Still no sell signal, but would need a decent discount to buy
Our bid is now by the April 6 and 7 lows and rising 200-HMA
Chart s taken off EBS prices
For more click on FXBUZ
USD/JPY daily candle chart: Click here
Source:
Refinitiv IFR Research/Market Commentary