By Martin Miller — Dec 16 - 02:35 AM
Twice failed to register a daily close above broken 137.94 Fibo: bull trap
137.94 Fibo is a 23.6% retrace of the 151.94 to 133.62 (EBS) drop
Bull trap: market breaks above a technical level but subsequently reverses
There is a huge risk that USD/JPY will slump to the December 133.62 low
USD/JPY Trader TGM2336. Previous nL1N3350FI
EUR/JPY range has been 146.01-52, on Friday, according to EBS prices
Source:
Refinitiv IFR Research/Market Commentary