By Martin Miller — Mar 17 - 04:05 AM
USD/JPY failed to register a close under the 132.56 Fibo
That despite breaking below 132.56 Fibo on Mon, Wed and Thurs: "bear trap"
132.56 Fibo is a 50% retrace of the 127.22 to 137.90 (EBS) rise
Also the "hammer" on Thursday's candlestick line warns of a base
Hammer: small body near the high, tiny upper shadow and a long lower tail
However, 14-day momentum remains negative. We remain short at 133.95
USD/JPY Trader TGM2336. Previous update nL1N35O0IM
EUR/JPY range has been 141.54-142.06, on Friday, according to EBS data
Source:
Refinitiv IFR Research/Market Commentary