By Martin Miller — Nov 02 - 04:45 AM
Suffers a setback after the biggest one-day rise since June 2022 on Mon
But those that a bullish should not panic unless there close under 150.28
150.28 is where the daily tenkan line resides and is also a 50% Fibo
150.28 is a 50% Fibonacci retrace of this week's 148.81 to 151.74 (EBS) rise
14-day momentum remains positive, reinforcing the bullish market
Plus the positive alignment of the tenkan and kijun lines is also bullish
EUR/JPY sees a 159.07-64 range, according to EBS prices, on Thursday
USD/JPY Trader TGM2336. Previous update nL1N3C20II
Source:
Refinitiv IFR Research/Market Commentary