By Andrew M Spencer — Feb 20 - 10:10 PM
Flat at the lower end of a 134.15-134.58 range, with the USD a shade firmer
Manufacturing PMI missed at 47.4, but services PMI strengthened at 53.6
BOJ Governor Haruhiko Kuroda: Wage growth to accelerate on tight job market
Charts; positive 5, 10 & 21 day moving averages and 21 day Bollinger bands
Momentum studies conflict - net bullish setup suggests further gains
Moved back into the descending daily cloud - traded below since November
137.38 falling cloud top key resistance - break a strong bullish signal
132.46 horizontal Tenkan line then 131.84 cloud base are the major supports
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary