By Martin Miller — Apr 23 - 02:25 AM
USD/JPY rose to break and register a weekly close above the huge 152.60 Fibo
152.60 Fibo, a 38.2% retrace of major 277.65 to 75.31 (1982 to 2011) drop
That is a very bullish sign, backed by continued positive 14-week momentum
Scope for much bigger gains to eventually retest the 160 psychological level
A fall and weekly close under 152.60 Fibo would be a negative development
USD/JPY Trader TGM2336. EUR/JPY 164.65-165.00 EBS range on Tuesday
Source:
Refinitiv IFR Research/Market Commentary