By Martin Miller — Feb 14 - 03:42 AM
• Last week USD/JPY closed under the 151.51 Fibo, but subsequently recovered
• 151.51 Fibo is 38.2% retrace of the 148.65 to 158.88 (Sept to Jan) EBS rise
• A bear-trap, set when a mkt breaks below a tech level but quickly reverses
• We would recommend standing aside for now, await clearer signals
• USD/JPY Trader . Previous update
Weekly Chart:
(Martin Miller is a Reuters market analyst. The views expressed are his own)
Source:
London Stock Exchange Group | Thomson Reuters
