By Martin Miller — Apr 24 - 03:35 AM
• USD/JPY rebounded from Tue's multi-month 139.89 low, peaked at 143.58 on Wed
• Bullish signal: close above the broken 142.56 Fibo, on Wednesday
• 142.56 Fibo is a 23.6% retrace of the 151.21-139.89 (March-April) EBS drop
• Bearish signal: daily tenkan and kijun lines remain negative aligned
• A break and close above 144.21 Fibo would point to an even bigger recovery
• 144.21 Fibo is a 38.2% of the 151.21-139.89 same (March-April) drop
(Martin Miller is a Reuters market analyst. The views expressed are his own)
Source:
London Stock Exchange Group | Thomson Reuters