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Thomson Reuters
Mar 01 - 03:48 AM
USD/JPY's 1St Close Above 200-DMA In 2019 Unmasks Key Fibo
First appeared on eFXplus on Mar 01 - 02:30 AM
  • USD/JPY registered a daily close above the 200-DMA, now at 111.34
  • Closed above 200-DMA for the first time since the tail-end of December 2018
  • That will give USD/JPY bulls a massive boost at the beginning of March
  • Initial focus is on 112.08 Fibo, 76.4% retrace of the 114.55 to 104.10 fall
  • We have raised our bid to 111.35, just above Friday's 111.33 session low
  • 200-DMA had been weighing on USD/JPY nL1N20N09L

USD/JPY Trader:

Daily Fibo Chart: Click here

Source:
Thomson Reuters IFR Markets

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