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Mar 28 - 05:55 AM

USD/JPY - Looks Set To Soar Through The 2015 Peak Soon

By Martin Miller  —  Mar 28 - 04:10 AM
  • USD/JPY closed last week well above the 119.52 major long-term Fibo

  • 119.52 Fibo is a 76.4% retrace of 125.86 to 99.00 (2015 to 2016) EBS drop

  • Increasing the likelihood for further gains through the 2015 125.86 peak

  • We have raised our bid to 122.20 in order to take advantage of a market dip

  • EUR/JPY sees a 134.04-135.75 Monday range so far, according to EBS data

  • USD/JPY Trader TGM2336 Previous update nL2N2VS0FQ

Weekly Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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