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
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Source:
Refinitiv IFR Research/Market Commentary