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Mar 20 - 07:24 AM

USD/JPY - Bias Remains On The Upside While Cloud Support Props

By Martin Miller  —  Mar 20 - 04:45 AM
  • USD/JPY closed above the 109.62 Fibo, a 76.4% of the 112.23 to 101.18 drop

  • That in turn has unmasked the 2020 112.23 peak posted back on Feb 20

  • Looking to get long on dips to 109.10 in anticipation for continued gains

  • Our bid is within the daily cloud that now spans the 108.98-109.33 region

  • USD/JPY has seen a 109.35-111.37 range, according to prices on the EBS

  • EUR/JPY sees 118.06-118.69. Prev nL1N2BC0E7. USD/JPY Trader TGM2336

Daily Ichimoku Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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