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Feb 16 - 04:55 AM

USD/JPY - Set For Further Gains But Only After A Pullback

By Peter Stoneham  —  Feb 16 - 02:50 AM

  • Wed's upside break, deeper into the daily cloud, bullish

  • Three-day bull run looking a little stretched with RSI turning over

  • We bid by 132.70, just ahead of the 132.67 cloud base and the Wed low

  • Weeklies looking good for further gains

  • Bull week supported by the weekly cloud top at 130.95

  • A 38.2% Fibo off 151.4-127.22 provides a target at 136.66

    For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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