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Sep 04 - 04:55 AM

USD/JPY - Two Weekly Closes In A Row Above Major Fibo Very Bullish

By Martin Miller  —  Sep 04 - 02:40 AM
  • USD/JPY has managed two weekly closes in a row above the major 146.11 Fibo

  • 146.11 Fibo, a 76.4% retrace of the 151.94 to 127.22 (2022 to 2023) EBS fall

  • 14-week momentum remains positive, reinforcing the overall bullish market

  • There is scope for much bigger gains through the recent 2023 147.37 EBS peak

  • USD/JPY Trader TGM2336. Previous update nL1N3AD0GQ

Source:
Refinitiv IFR Research/Market Commentary

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