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Jan 30 - 05:55 AM

USD/JPY - Scope Is For A Test Of A Key Fibo Level Above

By Martin Miller  —  Jan 30 - 03:40 AM
  • USD/JPY remains stuck between the daily cloud and the 149.17 Fibo

  • Daily cloud currently spans the 144.15-146.44 region

  • 149.17 Fibo, a 76.4% retrace of the (Nov-Dec) 151.92-140.27 (EBS) drop

  • There is scope for an eventual break above the 149.17 Fibo

  • 14-day momentum remains positive, reinforcing the overall bullish bias

  • We remain long at 147.50 for gains to 149.90 target, our stop is at 146.40

  • USD/JPY Trader TGM2336. Previous update nL1N3EJ0IH

Source:
Refinitiv IFR Research/Market Commentary

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