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Feb 05 - 05:55 AM

USD/JPY - Biggest Gains Since October Puts The Focus On Key Fibo

By Martin Miller  —  Feb 05 - 03:50 AM
  • On Friday USD/JPY registered the biggest one-day rise since October

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

  • Focus on 149.17 Fibo, 76.4% retrace of (Nov-Dec) 151.92-140.27 (EBS) drop

  • USD/JPY remains stuck between the daily cloud and the key 149.17 Fibo

  • Daily cloud currently spans the 143.58-146.10 region

  • EUR/JPY has seen a 159.84-160.27 range, so far, according to EBS data

  • USD/JPY Trader TGM2336. Previous update nL1N3EN0K6

Source:
Refinitiv IFR Research/Market Commentary

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