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Apr 24 - 04:55 PM

USD/JPY's Uptrend From March Lows Falters Again By Key Fibo

By Randolph Donney  —  Apr 24 - 03:50 PM
  • USD/JPY uptrend again unable to close above 61.8% of March's drop at 134.75

  • Monday's 134.72 high on EBS was rejected just shy of that Fibo

  • That raises the risk of further weakness

  • A close below the tenkan at 133.58 would target the 21- & 100-DMAs by 133

  • The daily cloud base and kijun at 132.56/39 are broader supports

For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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