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Apr 11 - 05:55 PM

USD/JPY - On The Threshold Of A Very Bullish Close, Again

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

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