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Mar 03 - 04:55 AM

USD/JPY - Latest USD/JPY Close Above A Key Fibo Could See It Soar

By Martin Miller  —  Mar 03 - 02:55 AM
  • USD/JPY's daily chart is becoming increasingly bullish

  • Thursday's daily close above key 136.66 Fibo adds to the upside bias

  • 136.66 Fibo is a 38.2% retrace of the 151.94 to 127.22 (Oct to Jan) drop

  • 14-day momentum remains positive, reinforcing the overall bullish market

  • USD/JPY Trader TGM2336. Previous update nL1N35A0LR

  • EUR/JPY range has been 144.84-145.03, on Friday, so far on the EBS

Source:
Refinitiv IFR Research/Market Commentary

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