Derived Data That Drive Results
By Martin Miller — Apr 17 - 02:35 AM
USD/JPY chart shows an underlying bias to break higher eventually
Spot remains stuck within the cloud, that spans the 132.56-134.47 region
14-day momentum remains positive, reinforcing the overall bullish market
It is more likely that we will get a break above the cloud top at some point
Overall target is the 134.75 Fibo, 61.8% of the 137.90 to 129.65 (EBS) drop
Trader TGM2336
Daily Chart: Click here
Source:
Refinitiv IFR Research/Market Commentary
