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Feb 21 (FX BUZZ) -

• Dollar attempting to retrace the Thursday 151.45-149.40 drop

• Underlying bear bias still alive, targeting 148.65 Dec. 3 low

• However, daily studies are already reflecting the price bounce

• A move above the 10-DMA, 151.92, would put the Jan-Feb bear trend at risk

• USD/JPY is set to close below its weekly cloud

• The cloud base is currently at 151.12-EBS pricing

• We still lean bearish but signals are mixed

• USD/JPY trading page [
USD/JPY daily candle chart:


(Peter Stoneham is a Reuters market analyst. The views expressed are his own.)