By Martin Miller — Feb 03 - 03:32 AM
• USD/JPY propped up by thickening daily cloud, that adds to the upside bias
• There is scope for gains to eventually probe the Jan 23 156.76 (EBS) peak
• The daily cloud, that currently spans the 153.37-154.54 region, supports
• A break under Monday's 153.72 low would be an early warning to bulls
• If the daily cloud base gives way, that would be a very negative sign
• We remain long at 154.30 for 156.30, stop now at cost. Trader
Daily Chart:
(Martin Miller is a Reuters market analyst. The views expressed are his own)
Source:
London Stock Exchange Group | Thomson Reuters