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Mar 25 - 04:55 AM

USD/JPY - Chart Is Becoming Increasingly Positive

By Martin Miller  —  Mar 25 - 03:01 AM
  • USD/JPY remains bullish as the it continues to trade well above 108.23 Fibo

  • 108.23 Fibo a 61.8% retrace of 111.71 to 102.60 (Mar 2020 to Jan 2021) fall

  • Expectation is for eventual gains to 109.56 Fibo, 76.4% of the same drop

  • Fourteen-day momentum remains positive, reinforcing the bullish bias

  • USD/JPY Trader TGM2336. Previous update nL1N2LM0GY

  • EUR/JPY has seen a 128.43-128.85 range on Thursday according to EBS prices

Daily Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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