By Martin Miller — Feb 12 - 03:40 AM
• USD/JPY's bear-trap under the 151.06 Fibo, puts the bias of the upside
• 151.06 Fibo, a 76.4% retrace of the 148.65 to 158.88 (Dec to Jan) EBS rise
• However the thick cloud, that now spans the 153.60-155.63 region, weighs
• Also fourteen-day momentum remains negative, highlighting the downside risk
• USD/JPY Trader . Previous update
Daily Chart:
(Martin Miller is a Reuters market analyst. The views expressed are his own)
Source:
London Stock Exchange Group | Thomson Reuters
