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Thomson Reuters
Mar 04 - 06:12 AM
USD/JPY - Bulls Eye Key Fibo After 5Th Biggest 2019 Daily Gain
First appeared on eFXplus on Mar 04 - 04:00 AM
  • USD/JPY saw the 5th biggest one-day gain of 2019 on Fri, adds to bid bias
  • This after it registered a daily close above 200-DMA (at 111.35) on Thurs
  • Closed above the 200-DMA for the first time since the tail-end of Dec 2018
  • Gives USD/JPY bulls a massive boost with the initial focus is on 112.08 Fibo
  • 112.08 Fibo is 76.4% of the 114.55 to 104.10 fall
  • We are looking to get long on dips to 111.40

USD/JPY Trader:

Daily Bollinger Chart: Click here

Source:
Thomson Reuters IFR Markets

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