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Feb 25 - 05:55 PM

USD/JPY - A USD/JPY Close Above 106.08 Is The Next Notch On Way To 107.15

By Randolph Donney  —  Feb 25 - 03:35 PM
  • USD/JPY shot to a new 2021 high at 106.40 on EBS, but close is pivotal

  • Needs a close above 38.2% Fibo of the pandemic slide at 106.08

  • Been above it intraday for a second week, and now looks a better bet

  • The 50% Fibo & 161.8% Fibo off Jan's 102.506-4.40 base are at 107.155/32

  • Today's high cleared S-T targets at 106.25, pointing to bigger gains

  • Today's 105.84 low is 38.2% of this week's range & Monday's high for support

For more click on FXBUZ


Chart Click here

Source:
Refinitiv IFR Research/Market Commentary

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