By Martin Miller — Feb 05 - 03:47 AM
• USD/JPY has slumped and broken under the thick Ichimoku cloud
• The daily cloud currently spans the 153.37-155.20 region
• If there is a daily close under the cloud, that would unmask the 152.56 Fibo
• 152.56 Fibo is a 61.8% retrace of the 148.65 to 158.88 (Dec to Jan) EBS rise
• Fourteen-day momentum remains negative, which highlights the downside risk
• USD/JPY Trader
Daily Chart:
(Martin Miller is a Reuters market analyst. The views expressed are his own)
Source:
London Stock Exchange Group | Thomson Reuters