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Feb 28 - 05:55 AM

USD/JPY - Has Broken Through A Key Fibo, Watch For A Close Above

By Martin Miller  —  Feb 28 - 03:55 AM
  • USD/JPY has soared on Tuesday to break above the key 136.66 Fibo

  • 136.66 Fibo is a 38.2% retrace of the 151.94 to 127.22 (Oct to Jan) drop

  • A daily close above the 136.66 Fibo will likely see much bigger gains

  • 14-day momentum remains positive, reinforcing the overall bullish market

  • USD/JPY Trader TGM2336. Previous update nL1N3560DN

  • EUR/JPY range has been 144.21-145.14, on Wednesday, so far on the EBS

Source:
Refinitiv IFR Research/Market Commentary

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