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Jun 27 - 02:55 AM

USD/JPY - Chart Points To Bigger Gains, Key Fibo Limits Downside

By Martin Miller  —  Jun 27 - 02:05 AM
  • FX traders last week found support right at the 134.27 Fibo

  • 134.27 Fibonacci level is a 23.6% of the 126.37-136.71 (EBS) rise

  • Daily tenkan and kijun lines are positive aligned, reinforcing the bull mkt

  • Scope is for an eventual break above the 136.90 Oct 1998 (EBS) high

  • EUR/JPY sees a 142.06-142.97 Monday range so far, according to EBS data

  • USD/JPY Trader TGM2336 Previous USD/JPY update nL1N2YB0C3

Source:
Refinitiv IFR Research/Market Commentary

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