By Randolph Donney — Apr 11 - 04:00 PM
USD/JPY again on the threshold of a bullish close above 133.77
That's the 50% Fibo of March's slide, daily kijun and weekly tenkan
Bullish bias helped by today's low at the rising 55-DMA at 132.97 on EBS
A close above 133.77 should target the 61.8% Fibo at 134.75
Some interim resistance from cloud top and upper 21-d BB by 134.50 on Wed
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary