By Randolph Donney — Apr 18 - 03:45 PM
USD/JPY's uptrend from March's lows nearly hit 61.8% of March's slide
61.8% of March's 137.90-129.645 slide is at 134.75 vs Tues's 134.71 high
Pullback from there held above the cleared 50% Fibo at 133.77
Tues's pullback looks corrective, with many moving averages at 132.45-3.06
The daily tenkan has also crossed bullishly above the kijun
And today's high breached the falling 134.45 cloud top
A 134.75 breakout eyes the 76.4% Fibo and March 9 low at 135.95 on EBS
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary