By Martin Miller — Jul 05 - 03:00 AM
Daily tenkan and kijun lines are positive aligned = market bullish
Fourteen-day momentum remains positive, another bull sign
USD/JPY, last week, rose to hit a new 24-year high at 137.00
Then found support ahead of 134.49 Fibo, a 23.6% of the 126.37-137.00 rise
EUR/JPY sees a 141.54-142.36 Tuesday range so far, according to EBS data
We remain long at 134.90 for gains to 136.90, our trailing stop is at 135.50
USD/JPY Trader TGM2336 Previous USD/JPY update nL1N2YK0GX
Source:
Refinitiv IFR Research/Market Commentary