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Mar 09 - 05:55 AM

USD/JPY - Bulls Free To Charge At Next Major Fibo Resistance

By Martin Miller  —  Mar 09 - 03:39 AM
  • Bulls tighten their grip after registering a close above the 108.23 Fibo

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

  • Scope grows for bigger gains to the 109.56 Fibo, 76.4% of the same drop

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

  • USD/JPY Trader TGM2336. Previous update nL1N2L50II

  • EUR/JPY has seen a 129.07-129.50 range on Tuesday, according to EBS prices

Daily Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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