Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Mar 07 - 05:55 PM

USD/JPY - Bulls Are On The Verge Of Next Breakout

By Randolph Donney  —  Mar 07 - 03:40 PM

  • Uptrend ekes out new highs close to rising 200-DMA and key Dec. 20 high

  • That high is notable due to huge the day's 137.465-130.58 EBS range

  • A close above it would put the last of that very bearish event behind

  • And perhaps target the 50% Fibo of 151.94-127.215 Oct-Jan plunge at 139.58

  • Also a 161.8% Fibo target at 142.10 off the 127.215-132.90 base

  • That's close to the Nov. 21-22 highs at 142.25

  • Uptrend remains intact while closes are above the tenkan, 135.61 last

For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2023 eFXdata · All Rights Reserved
!