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
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Source:
Refinitiv IFR Research/Market Commentary