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Mar 18 - 06:55 AM

USD/JPY - Chart Points To Bigger Gains To Retest The 2024 High

By Martin Miller  —  Mar 18 - 04:40 AM
  • Failure earlier in March under the 146.83 Fibo has led to a strong recovery

  • 146.83 Fibo is a 38.2% retrace 140.27 to 150.88 (Dec to Feb) EBS rise

  • Spot broke and closed on Friday above the kijun line, that is at 148.68

  • Scope grows for bigger gains to the 2024 105.88 high

  • A daily close back under the kijun line will defer

  • EUR/JPY has seen a 162.18-162.64 range, on Monday, EBS data shows

  • USD/JPY Trader TGM2336. Previous update nL2N3FT0NN

Source:
Refinitiv IFR Research/Market Commentary

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