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Feb 14 - 04:55 PM

USD/JPY - Techs Threaten A Bullish Breakout, Strong Close Awaited

By Randolph Donney  —  Feb 14 - 03:05 PM

  • USD/JPY threatens to breakout above resistance by 133

  • Daily cloud base and 23.6% Fibo of the Oct-Jan drop are at 133.00/05

  • Prices breached those hurdles on Tuesday, but a close above awaited

  • Tuesday's real body above the 55-DMA at 132.48 is also bullish

  • A clear breakout past 133.05 would eye 38.2% and 200-DMA at 136.66/86

For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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