By Martin Miller — Feb 21 - 02:20 AM
FX traders should watch the 133.26 Fibo level very closely
133.26 Fibo is a 23.6% retrace of the 127.22-135.12 (Jan-Feb) EBS rise
A break and daily close below 133.26 Fibo needed to weaken spot further
Spot stuck within thick daily cloud, that spans wide 131.85-137.38 region
The long upper shadow on Friday's candle line warn of an upside rejection
However, a break above Friday's 135.12 high would shift the bias
USD/JPY Trader TGM2336. EUR/JPY range has been 143.21-60, Tuesday, so far
Source:
Refinitiv IFR Research/Market Commentary