By Martin Miller — Apr 11 - 03:43 AM
• USD/JPY sinks deeper below 144.13 Fibo, a weekly close sub would be bearish
• 144.13 Fibo, a 76.4% retrace of the 139.58-158.88 (Sept-Jan) EBS rise
• There is scope for an eventual 2024 139.58 low test
• 14-week momentum remains negative, highlighting the bearish market structure
• That has reduced the chance of a recovery to the 150.00 psychological level
• USD/JPY Trader . Previous update
Weekly Chart:
(Martin Miller is a Reuters market analyst. The views expressed are his own)
Source:
London Stock Exchange Group | Thomson Reuters
