By Martin Miller — May 06 - 02:30 AM
USD/JPY this week found solid support just ahead of the 128.60 Fibo
128.60 Fibo is a 61.8% retrace of the 126.97-131.25 (EBS) rise
There is a good chance that bulls can force a break above 2022 131.25 peak
Tenkan and kijun lines are positive aligned, reinforcing the bullish market
We are long at 129.35, target is at 131.25, while trailing stop is at 130.05
EUR/JPY sees a 137.24-61 Friday range so far, according to EBS data
USD/JPY Trader TGM2336 Previous update nL2N2WX0CG
Daily Chart: Click here
Source:
Refinitiv IFR Research/Market Commentary