By Andrew M Spencer — Mar 20 - 07:55 PM
+0.1% after closing up 0.45% with resilient risk appetite and Wall Street
Tokyo holiday today so risk appetite and E-mini S&P futures likely lead
Charts - 10 days of higher daily high's sustains the topside bias
Targets a break of major long term 119.52 resistance 76.4% 2015-2016 fall
Close above 119.60 opens door to psychological 120.00 then 121.70 2016 peak
Close below rising 117.47 Tenkan line needed to undermine topside bias
NY 119.08-119.40 range on Friday is initial support and resistance
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jpy Mar 21 Click here
Source:
Refinitiv IFR Research/Market Commentary