By Martin Miller — Jun 16 - 02:35 AM
Fourteen-day momentum is positive, reinforcing the overall bullish market
As does the positive alignment of the tenkan and kijun lines
Wednesday's relapse found support ahead of the key 133.42 Fibo level
133.42 Fibo is a 23.6% retrace of 126.37-135.60 (May to June) rise
We are long at 134.15 for a bullish resumption in coming sessions
EUR/JPY sees a 140.00-140.6 Thursday range so far, according to EBS data
USD/JPY Trader TGM2336 Previous USD/JPY update nL1N2Y20EK
Daily Chart: Click here
Daily Momentum Chart: Click here
Source:
Refinitiv IFR Research/Market Commentary