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Mar 15 - 06:55 AM

USD/JPY - Breaks Above Kijun Line, A Close Above Would Be Bullish

By Martin Miller  —  Mar 15 - 05:15 AM
  • USD/JPY recent failure under the 146.83 Fibo has led to a strong recovery

  • 146.83 Fibo is 38.2% of 140.27 to 150.88 (December to February) EBS rise

  • Spot has broken above the daily kijun line, that remains at the 148.68

  • A daily close above the kijun line, on Friday, would likely accelerate gains

  • Thickening daily cloud, that spans 144.92-147.12 region, should limit losses

  • EUR/JPY has seen a 161.12-162.02 range, on Friday, EBS data shows

  • USD/JPY Trader TGM2336. Previous update nL2N3FS0NQ

Source:
Refinitiv IFR Research/Market Commentary

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