By Martin Miller — Apr 27 - 02:40 AM
Spot suffered a setback to close under the 127.51 Fibo, a negative sign
127.51 Fibo is a 23.6% retrace of the 121.28 to 129.43 (EBS) recent surge
However, another close under 127.51 needed to confirm the downward shift
Those bullish can take comfort from continued positive 14-day momentum
We remain long at 127.40 for a recovery, our stop is under 126.32 Fibo
126.32 Fibo is a 38.2% retrace of the same 121.28 to 129.43 gain
EUR/JPY sees a 135.11-136.16 Wednesday range so far, according to EBS data
USD/JPY Trader TGM2336 Previous update nL2N2WO0FI
Daily Chart: Click here
Source:
Refinitiv IFR Research/Market Commentary