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Mar 30 - 02:55 AM

USD/JPY - Chart Is Becoming Much More Bullish

By Martin Miller  —  Mar 30 - 02:02 AM
  • Scope for a USD/JPY break above 110.00, March 24 2020 peak beckons

  • The sustained trading above 109.56 Fibonacci level adds to the upside bias

  • 109.56 Fibo a 76.4% retrace of 111.71 to 102.60 (Mar 2020 to Jan 2021) fall

  • Fourteen-day momentum remains positive, reinforcing the bullish bias

  • USD/JPY Trader TGM2336. Previous update nL1N2LQ09W

  • EUR/JPY has seen a 129.21-129.46 range on Tuesday according to EBS prices

Daily Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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