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May 01 - 03:55 AM

USD/JPY's 2Nd Biggest Gain Of 2023 Highlights The Bullish Chart

By Martin Miller  —  May 01 - 02:40 AM
  • Friday saw 2nd biggest one-day gain of 2023 to close above key 135.95 Fibo

  • 135.95 Fibo is a 76.4% retrace of the 137.90 to 129.65 (EBS) drop

  • That has unmasked the 200-DMA at 137.01 and the March 137.90 peak

  • However bulls should beware of the "cloud twist" circa 132.73-74, on May 3

  • A cloud twist usually exerts magnetism as Wednesday draws closer

  • USD/JPY Trader TGM2336. Previous update nL1N36V0VW

  • EUR/JPY has seen a 150.03-85 range on Monday, EBS data shows

Source:
Refinitiv IFR Research/Market Commentary

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