By Martin Miller — Feb 06 - 03:35 AM
Spot closed above kijun line, midpoint of the last 26 trading days, Friday
Gap between Fri's 131.20 high and Mon's 131.52 low will need to be filled
Only then well USD/JPY stage a bigger recovery above the key 133.05 Fibo
133.05 Fibo: 23.6% retracement level of 151.94-127.22 (Oct to Jan) EBS drop
Our short has been stopped at 131.20, await clearer signals
USD/JPY Trader TGM2336. Previous update nL1N34J0H8
EUR/JPY range has been 142.07-95, on Friday, so far
Source:
Refinitiv IFR Research/Market Commentary