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Mar 29 - 02:55 AM

USD/JPY - Overcomes A Major Fibo, 110.00 Is Now Exposed

By Martin Miller  —  Mar 29 - 02:28 AM
  • Scope for bigger USD/JPY gains through the 110.00 psychological level

  • It has managed to force a break and daily close above the 109.56 Fibo

  • 109.56 Fibo a 76.4% retrace of 111.71 to 102.60 (Mar 2020 to Jan 2021) fall

  • Fourteen-day momentum remains positive, reinforcing the bullish bias

  • USD/JPY Trader TGM2336. Previous update nL1N2LO0CM

  • EUR/JPY has seen a 128.85-129.43 range on Monday according to EBS prices

Daily Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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