By Martin Miller — Aug 12 - 02:45 AM
USD/JPY has closed above the 146.47 Fibo for three trading sessions in a row
146.47 Fibo, a 23.6% retrace of the 161.96-141.68 (July to August) EBS drop
Scope for gains to 149.43 Fibo, 38.2% of same 161.96 to 141.68 fall
14-day momentum remains negative, however, that highlights the downside risk
USD/JPY Trader TGM2336. Previous update nL1N3JU0EK
Source:
Refinitiv IFR Research/Market Commentary