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Thomson Reuters
Mar 15 - 05:00 AM
USD/JPY - REFILE-BUZZ-USD/JPY Closes Above 200-DMA, Bulls Now Eye A Key Fibo
First appeared on eFXplus on Mar 15 - 03:15 AM

Fixed Chart

  • Bulls have registered a daily close back above the 200-DMA, now at 111.44
  • They now aim for a close above 112.08 Fibo, 76.4% of the 114.55-104.10 drop
  • We remain long at 111.40 in anticipation for gains to our 112.80 target
  • That target is ahead of the December 18 112.86 (EBS) high
  • We have raised our stop to 111.10, which is below Thursday's 111.12 low
  • FX traders bought USD/JPY ahead of the BOJ nL1N21107K

USD/JPY Trader:

Daily Ichimoku Chart: Click here

Source:
Thomson Reuters IFR Markets

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