By Randolph Donney — Apr 17 - 04:00 PM
Bullish trading Monday well above 50% of March's slide at 133.77
And set to close well above 133.77 Fibo for the first time
Running into some resistance near the daily cloud top
But 61.8% Fibo at 134.75 is well within reach
The 76.4% Fibo and March 9 low at 135.95 are target on a 134.75+ close
The 21-day Bolli bands are expanding in trend building fashion
That after the now rising 21-DMA helped put a base under last week's lows
Weekly cloud base held again last week and is now flat at 132.24
Weekly tenkan at 133.77 is by Monday's 133.72 low on EBS
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Source:
Refinitiv IFR Research/Market Commentary