By Martin Miller — Nov 29 - 10:55 AM
USD/JPY on Friday fell to break the 150.20 Fibo level
150.20 Fibo is a 38.2% retrace of 139.58 to 156.76 (Sept to Nov) EBS rise
Those that are bearish need a daily close under 150.20 Fibo
That would likely lead to a bigger drop into the daily cloud
The daily cloud currently spans the 146.39-149.22 region
USD/JPY Trader TGM2336. Previous update nL2N3N007T
Source:
Refinitiv IFR Research/Market Commentary