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Feb 08 - 04:55 AM

USD/JPY - Chart Points To Eventual Big Gains As Gap Now Filled

By Martin Miller  —  Feb 08 - 02:55 AM
  • Spot has relapsed to fill gap between Fri's 131.20 high, Mon's 131.52 low

  • It is now free to stage a bigger recovery above the 133.05 Fibo

  • 133.05 Fibo: 23.6% retrace of the 151.94 to 127.22 (Oct to Jan) EBS drop

  • A break and daily close above 133.05 Fibo would accelerate further

  • A daily close under kijun line at 131.00 would defer

  • USD/JPY Trader TGM2336. Previous update nL1N34N0K5

  • EUR/JPY range has been 140.31-140.94, on Wednesday, so far

Source:
Refinitiv IFR Research/Market Commentary

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